MCCI Annual Report 2020 - 2021 by Madraschamber

ANNUAL REPORT

2020 - 2021

MCCI

The Madras Chamber

President’s Report

Mr. Srivats Ram Dear Members, It is a matter of great privilege and honour for me to present the 185th Annual Report of the Madras Chamber of Commerce and Industry (MCCI). The year started with the pandemic and the nationwide lockdown, with uncertainty looming over us. The pandemic which continues even now, impacted lives, livelihoods and the economy.

stepped in immediately and aggregating the support from some of its members, donated 72 oxygen concentrators of 10L capacity worth almost Rs 1 crore to the Omandurar General Hospital as per their requirements. This support by the members facilitated by the Chamber was acknowledged and appreciated in the presence of the Health Minister of Tamil Nadu.

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However I am proud to state that your Chamber quickly adapted and attuned itself to the new normal and was agile and focused as we went about its activities and was engaged in policy advocacy, continuous interactions curating events and initiatives that directly benefit our member companies, especially at this crucial juncture. Despite the challenging times, the Chamber ensured marking a number of milestones this year:

1. The Chamber set up a Covid Help Desk in the website and provided information on the various measures and action taken by the Government in the context of the pandemic. The Chamber also made timely representations on behalf of the members escalating their difficulties and seeking some relief measures. Many were favourably considered by the Government.

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2. During the pandemic, various schemes were rebmThe ahC sChamber ardaM ehTtook introduced by the Government. up a detailed survey with the objective of finding the key challenges faced by the MSMEs and to understand their awareness about the various schemes announced by the Government. There was an overwhelming response from 1,200 MSMEs within a week. The Chamber’s presentation on the findings and the recommendations were greatly appreciated and valued by the Government. 3. During the second surge of the pandemic, when the demand for oxygen was high ,the Chamber

4. The Chamber has always taken pride to be one of the first few organisations to provide Arbitration services for resolving commercial disputes to the members. Based on the request of a few members, the Chamber took another step forward by setting up an exclusive Arbitration, Mediation and Conciliation Centre(MAMC) with state of the art facilities. We can now offer this added service to our members in a cost effective and unbiased manner. 5. Among the various special initiatives, this year, the Chamber formed two special councils, namely Agricultural Council and Women Business Council with specific agenda and objectives. 6. The Chamber’s passion to make Chennai a next Generation financial hub continues and there have been regular meetings held with the Government. The draft fintech policy has been submitted to the Government.

MCCI

The Madras Chamber

This year the Chamber celebrated its 184th Chamber day virtually, wherein we had the privilege of having Dr. Pawan Goenka, Managing Director and CEO, Mahindra & Mahindra Ltd. as the Chief Guest. He addressed the participants on “Competitiveness of Indian Manufacturing in the New Normal’’ which was well appreciated. The Annual General Meeting (AGM) was held virtually in the month of November 2021 after seeking the necessary approvals from the Government. We had the

Annual Report 2020 - 2021

President’s Report honour of having Mr. N. Muruganandam, IAS, Principal Secretary, Industries Department, Government of Tamil Nadu and Dr. Neeraj Mittal IAS, MD & CEO, Guidance Tamil Nadu, Government of Tamil Nadu as the Special Guests. Both of them were appreciative of the work done by the Chamber and sought our support in their future activities to promote the growth of the economy. The Chamber continued to organize its Flagship activities namely Power Conference, Post Budget Workshop, Phygital 2020. These were attended in larger numbers by member companies who acknowledged the wealth of knowledge shared. Under the Sustainable Chennai Forum (SCF), the Chamber organized the 4th Urban Thinkers Campus in Chennai under the banner of UN-Habitat with a focus on ``Making Chennai a Climate Smart City”. The Campus brought together dozens of high-profile speakers and several hundred participants representing the government, industry, and other specialist agencies including leading NGOs who were committed to the cause. A detailed compendium of the suggestions arising out of the conference was prepared and shared with the government and other stakeholders. Apart from the above, the Chamber organised an Urban Thinkers Campus Series on the theme, “Housing for All to create Sustainable and Inclusive Cities” with like minded partnering organizations joining together to host the event.

Further, the Chamber partnered with the Tirupur Exporters Association to organise a session on insolvency and bankruptcy; and with NACIN for organising sessions on Manufacture and other Operations in Warehouse (MOOW), session on paperless exports under Turant Customs and a session on e-invoicing under GST procedures and impact; and with Deloitte Haskins organized a session on family enterprise continuity and estate planning. These programs were relevant and timely for the members during the pandemic. Under the auspices of the Arbitration, Mediation and conciliation centre (MAMC), the Chamber has been organising a web series in the first or second week of every month with eminent experts addressing on varied topics with the main objective to enhance the knowledge of Arbitration practice in the national and international front. A few exclusive inhouse programs for the members have gained momentum and the Chamber has a series of such programs to be offered to the members. The General Committee and the Expert Committee meetings were held regularly to discuss various subjects which were of immediate concern and relevant to our members. These meetings played a pivotal role in reaching out to the Government in times of need for the members. The Expert Committees through their expertise have contributed and curated events based on the need of the members and inspite of the lockdown, the Chamber has completed nearly 100 plus events this year.

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The Chamber’s Certification program in Human Resource, Industrial Relations and EXIM for corporates and manufacturing units were received with great enthusiasm. Practical and mock sessions, sharing best industry practices and case study presentations by experts who had curated and implemented across industries made these programs much sought after ones.

The Chamber’s joint programs with other institutes which included health care, myth and realities of covid vaccine, stress management, drone regulations and applications, course on labour law amendments, POSH, zero error in payroll processing were well received and attracted participants from various sectors and from across the country. rebmahC sardaM ehT

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All these activities would not have been possible but for the committed and passionate members of the General Committee, Expert Committee, Past Presidents, Secretariat and the active interest of the members. I take this opportunity to sincerely thank each one of them for their time and effort in shaping this remarkable institution that has stood the test of time. I am aware the hardships created by the pandemic are still not over , though there are some lights at the end of the tunnel. Please remain assured that your Chamber will stand by you and will continue to be a great support to every member company in every way possible.

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Wishing you good health, safety and success in all your The Madras Chamber endeavours! Srivats Ram Srivats Ram President

MISSION It is our mission to proactively influence public policy and practice on issues which impact economy, trade, commerce and industry and also social processes such as education and health, infrastructure and environment. Reliability, timeliness, innovation and work ethic of a high order is our offer to support and serve our members.

VALUES T R OANNUAL PER LAUN NA REPORT 1 2BELIEFS 02020 2 - 02 2 - 02021 We  will function with sincerity, dedication and commitment  will provide the best quality service to our members  will empower employees to fulfill our objectives  will maintain a working atmosphere conducive to building trust and developing team work  will be alive to competition and constantly upgrade our services to be a leader

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 will law-abiding Chamber and will rebm ahCact sardas aMaehresponsible T make effective contribution toThe theMadras societyChamber  will jointly work with members continuously for improving the quality of work life

Annual Report 2020 - 2021

GENERAL COMMITTEE

2020-21

President:

Mr. Suresh Raman

VP & Head - Chennai Operations Tata Consultancy Services

Mr. Srivats Ram

Mr. Tuncay Deriner

Managing Director Wheels India Limited

Managing Director Stahl India Pvt. Ltd.

Vice-President:

Mr. S. Varadarajan

Mr. T. R. Kesavan

Mr. A. Viswanathan

Group President (Corporate Relations & Alliances) TAFE Ltd.

President Delphi TVS Technologies Ltd.

Members (Elected): Mr Anand Gopalan

Ex-Officio Mr. Ramkumar Ramamoorthy Pro Vice Chancellor KREA University

Partner T. S. Gopalan & Co.,

Mr. Arjun Nagarajan

Chief Economist & Communications Manager – Investment Sundaram Asset Management Co. Ltd.

Mr. A. V. Dharmakrishnan Chief Executive Officer The Ramco Cements Ltd.

Director & Chief Growth Officer VA Tech Wabag Limited

Members (Co-opted) Mr. P. Kaniappan Managing Director WABCO India Ltd.

Mr. J. Krishnan

Dr. N. Kamakodi

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Mr. Murali Vaidyanathan

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Managing Director & Chief Executive Officer City Union Bank Ltd.

Managing Director – India Hanon Automotive Systems India Private Ltd.

Mr. S. Padmanabhan

Partner S Natesa Iyer Logistics LLP

Dr. S. Manivannan

Founder & Managing Director Sri Kauvery Medical Care (India) Limited

Mr. R. Raghuttama Rao

CEO Gopalakrishnan Deshpande Centre for Innovation and Entrepreneurship (GDC)

Director Sattva Logistics Pvt. Ltd.

Mr. G. Parthipan

Mr. K. Ramakrishnan

Mr. N. K. Ranganath

Mr. Ramkumar Shankar

Mr. P. V. Raju

Mr. V. Ranganathan

Dr. B. Ravi

Mr. Ravichandran Purushothaman

Senior Managing Director – Strategic Relationships Spark Capital Advisors (India) Pvt. Ltd.

Chief Executive Officer Rane TRW Steering Systems Ltd.

Managing Director Chemplast Sanmar Ltd.

Ambassador Grundfos Pumps India Pvt. Ltd.

Ex Senior Advisor E & Y LLP

Chief Executive Officer Yazaki India Private Limited Managing Partner B Ravi & Associates

Mr. S. Ravishankar

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MCCI

Dr Ravindra Gettu

Mr. R. Shankar

The MadrasConsultancy Chamber & Sponsored Dean, Industrial Research and V. S. Raju Chair Professor Department of Civil Engineering Indian Institute of Technology Madras

Mr. V. Sridhar

Managing Director Salcomp Manufacturing India Pvt. Ltd.

Mr. Sriram Seshadri

Chief General Manager State Bank of India – Chennai Circle

Joint Managing Director Super Auto Forge Limited

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President Danfoss Industries Pvt. Ltd.

Chief Executive Officer - India TVS Supply Chain Solutions Ltd. Partner, Advisory Grant Thornton India LLP Partner Price Waterhouse & Co. LLP

Annual 2020 - 2021 AnnualReport Report 2020 - 2021

Mr Sasikumar Gendham Mr. B. Sankar

Mr. K. Vaitheeswaran Advocate & Tax Consultant

Mr. R. Velusamy

Mr. N. Ramachandran

Chairman Results Investments Pvt Ltd

Chief of Global Product DevelopmentAutomotive Division Mahindra & Mahindra

Mr. Ram Venkataramani

Mr. K. Vidyashankar

Mr. L. Sabaretnam

Mr. P. Viswanathan

Mr. N. Sankar

Managing Director M M Forgings Limited

Secretary & Compliance Officer Sundaram Finance Ltd.

Special Invitees (Past Presidents) Mr. V. Balaraman

Former Chairman CAMS

Mr. Hari Eswaran Chairman Easun Group

Ms. Mallika Srinivasan

Chairman & MD Tractors & Farm Equipment Ltd.

Managing Director, IP Rings Ltd.

( Director Coromandel Sugars Ltd. ) Chairman The Sanmar Group

Mr. T. Shivaraman

Managing Director & CEO Shriram EPC Ltd.

Mr. N. Srinivasan

Senior Partner (Retd. ) F & R

Mr. N. Srinivasan

Vice-Chairman & Managing Director The India Cements Ltd.

Mr. Srinivasan K Swamy Chairman & Managing Director R K Swamy BBDO Pvt. Ltd.

Mr. T. T. Srinivasaraghavan Managing Director Sundaram Finance Ltd

Programs at a Glance 2020-2021 1. Statutory

2. Chamber day

3. Flagship Activity

4. Sustainable Chennai Forum

5. MCCI Arbitration, Mediation and Conciliation Centre (MAMC)

6. Together we grow (Joint Programs)

7. Food For Thought

8. Other Programs

9. Government Interaction

10. Expert Committee (Seminar, Workshops & Training Programs)

11. General Committee Meetings

12. Expert Committee Meetings

Annual Report 2020 - 2021

MCCI Programs

For the year

may - 2020

MCCI Programs

v Interactive Session on “Ease of Doing Business – Customs Digital Initiatives & Current Measures v Covid 19 – Prescription to move forward v Webinar on Emergency Line of Credit during Covid-19 Pandemic joint program with Indian Bank v Certificate Course – HCFM v Implications of Digital Transformation of Audit Procedures v Interaction with Industries Department Mr. Muruganandam, IAS, Principal Secretary regarding Labour reforms v Webinar on Survival Strategies for small and medium Hospitals v Certificate Course on POSH jointly With CEO TSG IR & Labour Compliance Services v Covid -19 –Challenges and Opportunities for Academia v Survival Strategies for Small and Medium Hospitals-During Covid 19-Ask all About Employee Management" v SME survey presentation by MCCI to Industrial Secretary & Finance Secretary

T R OANNUAL PER LAUN REPORT NA v MCCI Certificate Course on Futuristic HR v Actions and Learning – HR perspective v Virtual Interaction meeting with Mr. Muruganandam, Principal Secretary, Industries Department, Govt. of Tamil Nadu

v Webinar on Force Majeure & Covid 19 – An Impact Analysis v Discussion on “India as on Arbitration Hub” v Legal issues and Business Solutions in wake of lockdown and its aftermath

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v Interactive session with Mr S V Krishna Kumar Additional Commissioner and rebRegional mahC sardDirector aM ehT ESI Corporation Ltd and with Mr Pranit Joshi Regional Provident fund commissioner –II, Regional Office, Chennai v Webinar on Covid 19 Inspired Lessons for Secure Work-From Home

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v Interactive Session – Updates on EXIM Trade

v Webinar on Stress Management Jointly with Asan Memorial college of Arts and Science v Managing Stress Management During Lock Down jointly with Justice Basheer Ahmed Sayeed College for Women v Climate Change -Disasters and Business Preparedness

v SOP for Starting back your Manufacturing v Financial Stimulus for MSMEs in the Covid Times v Preparedness of Companies and Universities to embrace remote hiring of 2021 batch university graduates v Certificate course on Exim Trade – Basic Course v State Development Policy Council Workshop on “Market Access – Product Orientation, Branding and The Madras Chamber e-Commerce v Lockdown wages and the Supreme Court Decision – Way Forward v Labour Laws and Covid Challenges Session Joint program With CEO TSG IR & Labour Compliance Services v Navigating the bankruptcy storm impacting Indian Exporters v Certificate Course on Exim Trade – Advanced Course v Certificate Course – HCFM

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aug - 2020

v Webinar on A recap of Direct Tax changes v Webinar on Presentation & Interaction on New Dimension of AGM through Video Conferencing / Other Audio Video means (OAVM) v Webinar on “EXIM Trade in New Normal” v Webinar on Zero Error In Payroll Processing -Joint program with CEO TSG IR & Labour Compliance Services v Webinar series on Role of Institutional Arbitration –Recent Developments to Boost Institutional Arbitration in India v Chennai as a Next Financial Hub –Meeting with Mr. Muruganandam, IAS, Principal Secretary, Industries Department

v Labour code -Occupational Safety, health and Working conditions Code 2020

oct - 2020

jul - 2020

v Design Thinking Workshop for Manufacturing v Covid 19 – Challenges and Opportunities for Academia for Arts and Science v Certificate Course – HCFM v Second COVID-19 Urban Thinkers Campus Series – Theme – Housing supply and affordability v Joint session with NACIN, AACAAI & MCCI -Presentation & Interactive session on Paperless Exports under Turant Customs

v The Industrial Relations Code 2020 v The Social Security Code 2020 v Arbitration 3rd Series -Hybrid Dispute Resolution Mechanisms - Med-Arb, ArbMed, and Arb-Med-Arb v Session on Incoterms 2020 v Interactive Session on CAROTAR 2020

v Exports and Refunds in GST –Challenges and solutions v Discussion Meeting on Amendment Act 2020

FCRA

Companies

v Session on Labour Codes; Decoded for Directors, Entrepreneurs and Professionals Joint Program with CEO TSG IR & Labour Compliance Services on Labour Codes v Smart Business seminar with “Business Standard” on the “Emerging tools for SME Sustainability in the new normal

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v Online Certificate Course on Industrial Relations(HR/IR) v Second Webinar series “Unilateral appointment of Arbitrators- the past, present and the future v National Education Policy 2020 - Learn, Unlearn and Relearn v Discussion on Manufacture and other Operations in Warehouse (MOOW) with NACIN

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v Discussion on Fintech Policy with rebmaSecretary, hC sardaMFinance, ehT Mr. S. Krishnan Additional Chief Dr. Neeraj Mittal, IAS, MD & CEO, Tamil Nadu Industrial Guidance & Export Promotion Bureau, Mr. Muruganandam IAS, Industries Secretary, Ms. Usha Kakarla, IAS, MD, SIPCOT v Meeting with Mr. Vishnu, IAS MD, TN Skill Development and Employment and Training Corporation and Director of Department of Employment & Training regarding Fintech BFSI training v 184th Chamber Day

nov - 2020

sep - 2020

v Webinar on Lebanon Port Blast – A Wake Up Call v Madras -A Historical FinCity v Webinar on Women Empowerment – The Leader in you by Alpha Arts & Science College

v Arbitration series on the topic “Scope of Section 34-Some enigmatic issues and unique principles” v UTC Campus on “Making Chennai a Climate Smart City” v Workshop on “Enhancing Renewable Energy and Adoption of Clean Energy Technology with state Development policy council

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v Session on “Excel as an Analytical Tool”

The Madras Chamber v Joint Program with Antwerp Port Authority Virtual Showcase of “Best Practices in the European Distribution System” v 184th AGM v PHYGITAL 2020

Annual Report 2020 - 2021

dec - 2020

v Small group Discussion on National Electrical Code of India (NEC) v Seminar Series on International Day for the Elimination of Violence against Women (Unite – to end Violence against womenaddressing the issues and challenges v Session on Family Enterprise Continuity Jointly with Deloitte Haskins & Sells LLP v Session on Inco terms 2020 with the EDC Cell of Muthayammal Engineering College v Webinar on Ideas to improve TANGEDCO’s Financial Situation Subsidies, Profitability, Improvement Levers and New Tariff Design, Madras Chamber along with Auroville Consulting and WRI India v Discussion on Draft Rules published by the Ministry of Labour & Employment on Industrial Relations Rules 2020 organised by HR&IR v Session on E-invoicing under GST - Procedures and Impact” v Power Conference on “Tamil Nadu’s Emergence as a Power Sector leader “ jointly with India Energy Forum

feb - 2021

MCCI Programs v Telecast cum discussion on Union Budget v Workshop on Central Budget 2021-2022 v Trade Meet jointly with Kamaraj Port Ltd(KPL). Physical meeting at Hotel Rain Tree v Seminar on Myth and Realities of Covid Vaccines jointly with Waterfalls Institute of Technology Transfer (WITT)

v FAQs on the CSR policy under the companies Amendment rules 2021 v Arbitration series on the topic “The Advance on Costs in Arbitration: Reimbursement of substituted payment” v In house Training Program to member company RuhRPumpen India Pvt. Ltd on Inco Terms 2020 v In house Training Program to member company RuhRPumpen India Pvt. Ltd Export Packaging &Shipping Documentation v Session on Independent Directors -Law and the Reality v Meeting with Hon’ble Finance Minister Smt. Nirmala Sitharaman- Post Budget recommendations handed over by Mr. Srivats Ram, President, MCCI v Discussion on Fintech Policy with Mr Muruganandam, IAS., v Drones Regulations and Applications in India jointly with Waterfalls Institute of Technology Transfer (WITT)

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v Session on E-invoicing under GST - Procedures and Impact” Jointly with Hosur association

v Session on “ Estate Planning” jointly with Deloitte Haskins & Sells LLP v Arbitration 5th Series “Independence and Impartiality of Arbitrators” v Session on Incoterms for AMET University v Session on “CBIC’s Quarterly Return filing and Monthly Payment of Taxes (QRMP) Scheme v Meeting with Chairman Mr Sunil Paliwal, Kamarajar Port v Presentation on Occupational Safety Health and Working Conditions code (Rules) 2020 rebmahC sardaM ehT v Virtual inauguration of Madras Chamber Arbitration Mediation and Conciliation Centre (MAMC)

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v Interactive Meeting with Mr Oliver Ballhatchet MBE, British Deputy High Commissioner, Chennai and Mr Niall, Cluster Manager, Space, Aerospace, Automotive, Advanced Engineering and the Midlands Engine v MAMC Arbitration Series on” Issues in International Arbitration “

v Launch of MCCI “Women Business Council (WBC) v In house Training Program to member company RuhRPumpen India Pvt. Ltd on Income Tax Structure v Meeting of Consultative Committee of the City Chambers of Commerce (CCCCC) to discuss issues The Madras Chamber relating to eCoO v Virtual demo and Discussion on Agency on-boarding for Non-Preferential CoOs v Panel discussion on “Psychological impact of working from home” v Brainstorming Session to review and revamp the syllabus on Corporate Secretary ship for Justice Basheer Ahmed Sayeed College for Women v Signing of MOU between Sundaram Finance and MAMC

MCCI

Indian Economy

INDIAN ECONOMY The measures implemented in the FY20 mainly included hikes in minimum support price (MSP) of agricultural crops, reduction of corporate tax rate, policy initiative for textiles, handicrafts and electric vehicles developments, programmes of outreach for growth, expansion and facilitation of MSMEs, start-up initiatives, one-time partial credit guarantee schemes to PSBs for purchase of pooled assets of financially sound NBFCs, recapitalization of PSBs, easing of external commercial borrowing guidelines and additional tax deduction of interest for affordable housing, real estate fund of Rs. 25,000 crore for stalled housing projects, merger of 10 PSBs into four entities, updated priority sector lending (PSL) norms for exports, and restructuring of many labor laws at the central level.

The impact of the pandemic continues to take a toll on the economy both in India and across the world. During FY2021, world and India’s economic activity and growth was severely affected by the Covid-19 pandemic. The stringent lockdown caused economic activity to come to a halt from March 2020 and resulted in an unprecedented 24.4% decline in real GDP during Q1FY2021. Following the opening up, economic activity resumed gradually and GDP started growing from Q3FY2021. Nevertheless the sharp decline in the first half of FY2021 caused India’s real GDP to decline 7.3% in FY2021, compared with growth of 4% in FY2020. A strong recovery in Q4FY2021 was rudely disrupted by the second wave that resulted in state level lockdowns.

Besides these measures, various steps were executed to forboost employment priority sectormonetary lending (PSL) norms exports, manufacturing, and restructuring of many labor laws at generating, the central The various initiatives on fiscal consolidation, financial inclusion, digital payments and also improving transmission and other efforts to address level. the problems ease of doing business through schemes such as Make of the banking and NBFC sectors have been disrupted. in India, andtoDirect Transfer. The focus of the government over the last year been various Besides thesehas measures, steps Skill were India executed boost Benefit manufacturing, employment to provide relief to those who havegenerating, lost theirfinancial livelihood inclusion, digital payments and also improving ease of doing business through The Productivity Linked Incentive (PLI) scheme and in providing assistance to smallschemes businesses. such as Make in India, Skill India and Direct Benefit Transfer. was announced in March 2020, as part of the ‘AatmaNirbharBharat Abhiyan’ to promote domestic The Union Government announced various economic The Productivity Linked Incentive (PLI) scheme was announced in March 2020, as part of the manufacturing. The scheme, which initially covered 3 assistance measures cumulatively amounting to Rs. ‘AatmaNirbharBharat Abhiyan’ to promote domestic manufacturing. The scheme, which initially sectors was expanded to 10 more sectors in November 17.2 trillion. These focused not only on protecting lives covered 3 sectors was expanded2020. to 10 more in November The Union Budget 2021-22 Thesectors Union Budget2020. 2021-22 has announced and livelihoods for the poor and vulnerable sections of has announced an outlay of Rs. lakh crore for1.97 PLI schemes. The estimated production on an1.97 outlay of Rs. lakh crore for PLI schemes. The the population, but also on providing liquidity support account of the investments is expected to be over USD 500 billion over the nextof5 years. estimated production on account the investments through government guarantees and low interest rate is expected to be over USD 500 billion over the next 5 loans. Because of higher expenses on welfare and years. stimulus schemes and lower revenue collections, the GVA Growth gross fiscal deficit (GFD) increased from 4.6% in 2019GVA Growth India’s economic by gross value added (GVA) has declined by 7.3% in FY21. 20 to 9.4% in 2020-21 (revised estimates). The growth Union as measured Growth in agriculture declined Budget for 2021-22 has targeted a reduction in GFD to 1,45,693 GDP at Constant Prices-Rs. Billion (LS) 10% 4.3% to activity, 3.6%, while 1,50,000 6.8% in 2021-22 through revival offrom economic 1,40,033 8% 1,35,127 1,40,000 contractedand for the buoyancy in tax collection, assetindustry monetisation 1,31,446 6% consecutive divestments. However, the impact second of the second wave year 1,30,000 4% 1,23,082 in FY20 and 1,20,000 2% on the economy in Q1FY2022 can(decline derail of the2%recovery 1,13,695 0% 6.4% Similarly further and the deficit targets may not inbe FY21). achieved. 1,05,277 1,10,000 -2% The Union Budget has projected aServices gradual trajectory dropped from growth 98,014 -4% 1,00,000 92,130 of reaching a Fiscal Deficit of 4.5%ofof 6.4% GDP in by FY20 the year to 8.4% -6% rebmcontraction ahC sardainM FY21. ehT Index of 90,000 2026. -8%

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MCCI

Production

(IIP)

The Madras Chamber

80,000

-10%

2013 2014 2015 2016 2017 2018 2019 2020 2021 On the external front, due to the contraction in trade contracted 8.5% in FY21, and a decline in trade deficit, the current account deficit compared with a 0.8% decline in FY20. (CAD) moved from a deficit of 0.8% of GDP in FY2020 India’s economic growth as measured by gross value to a surplus of 0.9% of GDP in FY2021. On the capital added (GVA) has declined by 7.3% in FY21. Growth in GDP ANDinGROWTH IN CONSTANT (2011-12) PRICES account, while Net FDI inflows roseANNUAL from $43 billion agriculture declined from 4.3% to 3.6%, while industry FY2020 to $44 billion in FY2021, net foreign portfolio contracted for the second consecutive year (decline the in exception of the sector, GVA has witnessed a secular decline over the past four investment (FPI) surged from $1.4 With billion FY2020 to agriculture of 2% in FY20 and 6.4% in FY21). Similarly Services quarters of FY20 and FY21 with industrial growth experiencing the steepest fall. Mining and $36.1 billion in FY2021. dropped from growth of 6.4% in FY20 to 8.4% contraction Quarrying declined 8.5% in FY21 though the decline was lower at 5.7% in Q4FY21. Manufacturing in FY21. Index of Industrial Production (IIP) contracted growth saw a sharp decline from -3% in Q2FY20 to -36% in Q1FY21. Manufacturing recovered and 8.5% in FY21, compared with a 0.8% decline in FY20. GVA Agriculture

20% 10%

Annual Report 2020 - 2021

Q3FY2

Q1FY2

Q3FY2

Q1FY2

Q3FY1

Q1FY1

Q3FY1

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posted 6.9% growth in Q4FY21. Electricity, Gas & Water Supply also saw a rebound from 2.3% in Q2FY21 to 9.1% in Q4FY21. 11 Construction also witnessed a steep rebound from Q3FY21. In the Services

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Q3FY18

Q1FY18

slowdown. Construction was impacted resulting in a decline in steel and cement p FY20-21 and all-India housing prices have weakened. India’s economic growth as measured by gross value addedthere (GVA) declined byfrom 7.3%theinsecond FY21.half of FY21. Residential real estate washas a sharp rebound Growth in agriculture declined suffering from low demand and a large inventory overhang which led to decline i 1,45,693 GDP at Constant Prices-Rs. Billion 10% FY20-21 and (LS) all-India housing prices have weakened. from 4.3% to Services 3.6%, Sector while 1,50,000 1,40,033 8% Indian Economy 1,35,127 industry contracted for the 1,40,000 1,31,446 6% Construction Services Sector Progress in4% trade, hotels and second consecutive year 1,30,000 Trade, hotels, transport & communication 1,23,082 20% Financing, insurance, real estate & bus. services transport, was subdued in (decline of 2% in FY20 and 1,20,000 2% ANNUAL GDP AND GROWTH IN CONSTANT 1,13,695 Construction Community, social & personal services Progress in 0%The strong 6.4% in FY21). Trade,FY21. hotels, transport & communication 10% Similarly 20% (2011-12) PRICES 1,05,277 1,10,000 Financing, insurance, -2% real estate & bus. services transport, performance of IT Services dropped from growth Community, social & personal services 98,014 FY21. -4% 0% the agriculture 10% 1,00,000 sector, GVA has With the exception companies in the 92,130 of 6.4% in FY20 oftoQ1FY18 8.4%Q3FY18 Q1FY19 Q3FY19 Q1FY20 Q3FY20 Q1FY21 Q3FY21 performan -6% witnessed a secular decline over the past four quarters 90,000 professional services sector 0% -10%Index of contraction in FY21. -8% companies of FY20 and FY21 with industrial growth experiencing Q1FY18 Q3FY18 Q1FY19 Q3FY19 Q1FY20 Q3FY20 Q1FY21 Q3FY21 continued,-10% but the growth of 80,000 profession Industrial Production (IIP) the steepest fall. Mining and Quarrying declined 8.5% in -10% -20% 2013 2014 2015 2016 2017 2018 2019 2020 2021 aggregate deposits and bank continued FY21 though the was lower at 5.7% in Q4FY21. contracted 8.5%decline in FY21, -20% aggregate credit continued to be Manufacturing saw a sharp decline from -3% in -30% decline compared with growth a 0.8% in FY20. Q2FY20 to -36% in Q1FY21. Manufacturing recovered credit co muted. -30% and posted 6.9% growth in Q4FY21. Electricity, Gas & -40% muted. -40% Water SupplyGDP also AND saw a GROWTH rebound from in Q2FY21(2011-12) ANNUAL IN2.3% CONSTANT PRICES -50% Construction also witnessed a to 9.1% in Q4FY21. -50% steep rebound from Q3FY21. In the Services sector, With the exception of the agriculture sector, GVA has witnessed a secular decline over the past four Trade, Hotels and Communication continued to decline quarters of FY20 and FY21 with industrial growth the steepest fall. Mining and through FY21 while Financing,Indicators Insurance, Real Estateexperiencing & Construction Construction Indicators Construction Indicators Business and Social &decline Personal QuarryingServices declined 8.5%Community, in FY21 though the was lower 5.7%vehicles in Q4FY21. Manufacturing Commercial vehicles sales contracted in FY21 withatdeclining industrial activity. The impact of the industrial activity. Commercial sales contracted in FY21 with declining Services grew from the second half of FY21. growth saw a sharp declinewas fromparticularly -3% in Q2FY20 to -36% in Q1FY21. Ste …this pandemic Manufacturing was particularlyrecovered severe Steel onand pandemic severe on this 600% 600% Ce Cement… GVA sector with freight and passenger movement posted 6.9% growth in Q4FY21. Electricity, 500% sector with freight and passenger movement 20% 500% Agriculture severely affected. &400% Water Supply also The sawcontraction a reboundin 400% being severely affected. The contraction Gas in being 10% construction activity also attributed to muted 300% from 2.3% construction activity also attributed to muted 300% in Q2FY21 to 9.1% in Q4FY21. commercial vehicle usage in the construction 200% 0% Construction also witnessed a steep commercial vehicle usage in the construction 200% and infrastructure sector. Other elements of 100% -10% 100%from Q3FY21. In the Services and infrastructure sector. Other elementsrebound of transport 0% sector like freight traffic by rail, 0% -100% transport sector like freight traffic by rail, -20% sector, Trade, Hotels and Communication water and air also contracted during FY21. -100% water and air also contracted during FY21. continued to decline through FY21 while -30% Financing, Insurance, Real Estate & -40%

T R OANNUAL PER LAUN REPORT NA

1 2 02020 2 - 02 - 02021 2

Quarterly Growth Rates of Gross Value Added

Commercial vehicles sales contracted in FY21 with 2 declining industrial activity. The impact of the pandemic was particularly severe on this sector with freight and passenger movement being severely affected. The contraction in construction activity also attributed to muted commercial vehicle usage in the construction and infrastructure sector. Other elements of transport sector like freight traffic by rail, water and air also contracted during FY21.

In line with the GDP figures, the Index of Industrial Production (IIP) also saw a declining trend through the year. The IIP recorded a decline of 8.5% in FY21 compared with decline of 0.8% in FY20. Manufacturing which forms a significant part of the IIP recorded a decline of 9.6% in FY21 as the effect of the Covid-19 Cargo Transport Growth pandemic resulted in a much sharper decline in the first In constant terms, private final consumption expenditure contracted 9.1% in FY21 though growth two quarters. Thereafter IIP of manufacturing rose 1.8% Cargo Transport Growth in Q3FY21 and 6.6% in Q4FY21. was 2.7% in Q4FY21. Government expenditure rose 2.9% in FY21, lower than 7.9% growth in FY20. Air Cargo

Jan-21

Mar-21

Nov-20

Jul-20

Sep-20

May-20

Mar-20

Nov-19

Jul-19

The Madras Chamber

Sep-19

May-19

Jan-19

Mar-19

Jul-18

Nov-18

-40%

MCCI Sep-18

0% -20%

May-18

20%

Jan-20

Major Ports Traffic

40%

Jan-18

ICCM

Railway Freight

60%

Mar-18

While private consumption

Service activities stabilised in hasH2FY21 whereas been at critical risk from trade, hotels, transport and communication faced a the the Covid-19 pandemic, slowdown. Construction was impacted a of bumper resulting food grainsincrop decline in steel and cement production, though there 2020-21, prospects of normal was a sharp rebound from the second halfinof 2021, FY21. the monsoons rebmhas ahC been sardaMsuffering ehT Residential real estate segment recent increase in food from low demand and a large inventory prices,overhang and the which revival of led to decline in new launches in FY20-21 all-India are economic andactivity housing prices have weakened. expected to improve the

-60% -80% -100%

spending capacity and provide a boost to rural consumption expenditure. However, urban demand which is dependent on In constant terms, private final consumption manufacturing and services to be dampened on account of a number of factors including Progress in trade, hotels and transport, was subdued in is expected expenditure contracted 9.1% in FY21 though growth rising unemployment, weak consumer confidence, uncertainty about employment and income FY21. The strong performance of IT companies in the was 2.7% in Q4FY21. Government expenditure rose 2.9% prospects, discretionary and non-essential spending. professional services sector continued, butand thelower growth

Services Sector

in FY21, lower than 7.9% growth in FY20. While private of aggregate deposits and bank credit continued to be consumption has been at critical risk from the Covid-19 muted. Annual Growth Rates ofpandemic, Index of Industrial Production the bumper food grains crop of 2020While the overall industrial production declined by 8.5% in FY21, growth revived in H2FY21 with IIP increasing 5.9% in Q4FY21. The recent rebound was due to sharp increase in production of capital goods, infrastructure/construction goods and consumer Pharmaceuticals durables. Medicinal Chemicals

12 Annual Report 2020 - 2021

bumper food grains crop-40% of

20%

Jan-21

Mar-21

Nov-20

Jul-20

Sep-20

May-20

Jan-20

Mar-20

Nov-19

Jul-19

Sep-19

May-19

Jan-19

Mar-19

Nov-18

Jul-18

Sep-18

May-18

Mar-18

Jan-18

prices, and the revival of -60% 0% 2020-21, prospects of normal economic monsoons activityin 2021, are the -20% -80% increase the in food -40% expected recent to improve and the and revival-100% of -60% spending prices, capacity economic activity are provide a boost to rural consumption -80% expenditure. However, urban demand which is dependent on expected to improve the manufacturing and services is expected to be dampened on account of a number of factors including -100% spending capacity and rising unemployment, weak consumer confidence, uncertainty about employment and income 21, prospects of normal monsoons provide Annual Rates of Index ofurban Industrial a boost Growth to rural consumption expenditure. However, demand which is dependent on and lower discretionary and non-essential spending. in 2021, the recent increase in prospects, food manufacturing and services is expected to be dampened on account of a number of factors including Production

prices, and the revival of economic rising unemployment, weak consumer confidence, uncertainty about employment and income activity are expected to improve the prospects, andRates lower discretionary spending. While the overall production declined by 8.5% in FY21, growth Annual Growth ofindustrial Indexandofnon-essential Industrial Production spending capacity and provide a boost revived in H2FY21 with IIP increasing 5.9% in Q4FY21. The recent rebound While the overall industrial production declined by 8.5% in FY21, growth revived in H2FY21 with IIP Growth Rates of Index of IndustrialofProduction to rural consumption expenditure. Annual was due to sharp increase in production capital goods, infrastructure/ increasing 5.9% in Q4FY21. The recent rebound was due to sharp increase in production of capital the overall industrial declined bydurables. 8.5% in FY21, growth revived in H2FY21 with IIP However, urban demand which is While construction goodsproduction and consumer goods, infrastructure/construction andof capital consumer increasing 5.9% in Q4FY21. The recent rebound was due to sharp increase ingoods production dependent on manufacturing Pharmaceuticals and durables. goods, infrastructure/construction goods and consumer services is expected to be dampened Medicinal Chemicals Pharmaceuticals durables. Botanical Products GROWTH IN IIP Medicinal Chemicals on account of a number of factors Botanical Products GROWTH IN IIP 20% including rising unemployment, weak General Mining Food Products 20% 15% General Mining Manufacturing Electricity consumer confidence, uncertainty Food Products Rubber 15% Manufacturing Electricity Rubber 10% about employment and income Chemicals Chemicals 10% prospects, and lower discretionary Plastic and Products 5% 5% Plastic Products non-essential spending. Textiles Textiles 0% 0% 20142015 2015 2016 2016 2017 2017 2018 20212021 2014 2018 2019 201920202020 -5% -5%

Machinery Machinery Motor Vehicles Motor Vehicles Refined Petroleum Refined Petroleum Coke Coke Electricity Electricity

-10%-10% -15%

-15%

Growth in IIP Performance of Eight Core Industries Performance of Eight Core Industries The combinedEight index of Core core industries stood at 149.2 in March 2021 indicating an increase of 11.4% Performance Industries The combined index of core industries stood at of 149.2 in March 2021 indicating an increase of 11.4% over March over March 2020 due to the base effect. On an annual basis, the index declined 6.7% in FY21,

Theannual combined indexthe of core industries stood at 149.2 in March 2021 indicating an increase of 11.4% 2020 due to the base effect. On an basis, index declined 6.7% in FY21, with 0.6% increase compared with 0.6% increase in FY20. Growth has beencompared higher for fertilizers and steel while thein FY20. Growth has been higher forover fertilizers and steel while the index for electricity increased 1%. Growth was also March 2020 due to the base effect. On an annual basis, the index declined 6.7% in FY21, index for electricity increased 1%. Growth was also lower for petroleum products, while the index lower for petroleum products, while the index declined for inother The index witnessed compared with 0.6% increase FY20.items. Growth hasquarterly been higher for fertilizers and successive steel while the declined from Q2FY20 to Q3FY21index but rose 3.1% in Q4FY21. for electricity increased 1%. Growth was also lower for petroleum products, while the index

T R OANNUAL PER LAUN NA REPORT

1 2 02020 2 - 02 2 - 02021

GROWTH IN EIGHT CORE INFRASTRUCTURE INDUSTRIES

Overall

Coal

Crude Oil

Natural Gas

Refinery Prod.

Fertilisers

Steel

Cement

Electricity

Q1FY19

5.5%

12.9%

-2.4%

0.4%

6.6%

4.5%

2.3%

16.3%

4.8%

Q2FY19

5.4%

6.2%

-4.4%

-2.0%

6.6%

-0.6%

4.7%

12.5%

7.5%

Q3FY19

3.4%

5.1%

-4.3%

1.3%

-0.5%

-7.4%

5.9%

12.9%

6.9%

Q4FY19

3.3%

6.4%

-5.5%

3.8%

0.3%

5.8%

7.4%

11.7%

1.4%

Q1FY20

3.4%

2.6%

-6.8%

-1.0%

-2.4%

-1.1%

12.4%

1.0%

7.3%

Q2FY20

-0.9%

-10.3%

-5.1%

-3.1%

-1.6%

3.3%

3.5%

0.2%

0.6%

Q3FY20

-0.6%

-4.7%

-6.2%

-7.1%

2.1%

11.8%

5.1%

0.6%

-5.9%

Q4FY20

-0.4%

-11.3%

2.8%

-3.1%

-6.5%

-5.0%

1.7%

Q1FY21

-23.8%

-16.2%

-18.2%

-38.3%

-15.8%

Q2FY21

-4.8%

rebmahC-5.7% sardaM ehT 5.4% -10.1%

Q3FY21

-0.4%

5.2%

-4.9%

-8.4%

Q4FY21

3.1%

-1.9%

-3.6%

FY19

4.4%

7.4%

FY20

0.6%

FY21

-6.7%

Quarterly

-5.7% I C C M -15.0% -6.5% 7.4%

2.8% -48.6% MCCI 4.6% -0.1%

-14.3% The Madras Chamber

-10.6%

0.1%

-8.3%

1.6%

3.3%

-4.0%

6.7%

3.0%

-4.6%

-3.1%

11.9%

7.3%

9.2%

-4.1%

0.8%

3.1%

0.3%

5.1%

13.3%

5.2%

-0.5%

-5.9%

-5.7%

0.2%

2.7%

4.2%

-0.8%

1.0%

-1.8%

-5.2%

-8.2%

-11.2%

1.5%

-9.7%

-11.4%

-0.6%

Annual (FY)

Inflation

Annual Report 2020 - 2021 13

6.2% 5.1% 6.4% 2.6% -10.3% -4.7% 7.4% -15.0% 5.4% 5.2% -1.9%

-4.4% -2.0% 6.6% -0.6% 4.7% 12.5% -4.3% 1.3% -0.5% -7.4% 5.9% 12.9% -5.5% 3.8% 0.3% 5.8% 7.4% 11.7% -6.8% -1.0% -2.4% -1.1% 12.4% 1.0% -5.1% -3.1% -1.6% 3.3% 3.5% 0.2% -6.2% -7.1% 2.1% 11.8% 5.1% 0.6% -5.7% -11.3% 2.8% -3.1% -6.5% -5.0% -6.5% -18.2% 2.8% -48.6% -38.3% While food-16.2% prices continued to be stable to increasing, -5.7% -10.1% -14.3% 4.6% -0.1% -10.6% the regime of low crude prices ended in mid-2020 -4.9% -8.4% -8.3% 1.6% 3.3% -4.0% which had its impact on inflation. Headline inflation (as -3.6% 3.0% -4.6% -3.1% 11.9% 7.3%

Indian Economy

7.5% Q3FY21 and 1% in Q4FY21. The Net services receipts increased 4.3% in FY 6.9% higher net earnings from software services. Net invisible receipts however d 1.4% to increase in net outgo of overseas investment income payments and lo 7.3% 0.6% receipts. The gains in India’s capital market indices attracted FPI which incr -5.9% FY20 to $36.14 billion in FY21. Net inflows were $21.22 billion in Q3FY21 4% in foreign FY21. Higher inflation was also recorded for billion fuel andonlight, Tran exchange reserves rose US$ 87.3 a BoP b 1.7% Q4FY21. In FY21, Personal care and effects. -15.8% to $7.28 billion in Q4FY21. In FY21, foreign exchange The food inflation based on Consumer Food Price Index (CFPI) for 2020-2 0.1% reserves rose US$ 87.3 billion on a BoP basis. Payment in FY21.Indicators It reached a high of 9.7% in Q2FY21 but fell to 3.5% in 6.7% Balance of7.6% cereals and vegetables. in the Indian economy appeared to continue to be po 9.2% Global confidence

Balance of Payment Indicators measured by consumer price index or CPI) breached the upper tolerance band of the inflation target during The External Sector Trade Deficit -4.1% 0.8% 2020. 3.1% 0.3% 5.1% 13.3% 5.2% 6% June-November

Jan-21

Mar-21

Nov-20

Jul-20

Sep-20

May-20

Jan-20

Mar-20

Nov-19

Jul-19

T R OANNUAL PER LAUN REPORT NA

Sep-19

May-19

Jan-19

Mar-19

Nov-18

Jul-18

Sep-18

May-18

Mar-18

Jan-18

exchang billion CAD Capital Account 7.4% Due to sharp decline in India’s trade and trade deficit, the current a compare -0.5% -5.9% -5.7% 0.2% 2.7% 4.2% -0.8% 1.0% 4% surplus of 0.9% of GDP in FY21 compared with deficit of 0.9% in FY20 The wholesale price index (WPI) decreased to 1.3% on Mar -1.8% -5.2% -8.2% -11.2% 1.5% -9.7% -11.4% -0.6% 2% rebounded, the current account transformed from a surplus in Q1/Q2 in FY21 from 1.7% in FY20. The decrease was due to fe Q3FY21 and 1% in Q4FY21. The Net services receipts increasedrupee 4.3% in 0% deflation in Q1FY21 followed by successive quarterly low of Q1FY18 Q3FY18 Q1FY19 Q3FY19 Q3FY20 Q1FY21 Q3FY21 receipts howeve higher net earnings fromQ1FY20 software services. Net invisible -2% rebound to 5.1% in Q4FY21. While price growth of food 4%crude in FY21. Higher inflation was also recorded for fuel and light, Transport and communication, 2020.and It to increase in net outgo of overseas investment income payments nued to be stable to increasing, the regime of low prices ended in midarticles fell from 8.4% in FY20 to 3.2% in FY21, prices -4% Personal care and effects. receipts. The gains in India’s capital market indices attracted FPI which in an upwa act on inflation. Headline measured index or of fuel and inflation power (as declined 8%byinconsumer FY21 asprice compared -6%Price Index (CFPI) for 2020-21 rose from 6.8% in FY20 to The food inflation based on Consumer Food FY20 to $36.14 billion in FY21. Net inflows were $21.22 billion On in Q3FY2 a m to aofdecline of 1.8% FY20. However, the r tolerance band the inflation target in during June-November 2020.prices of 7.6% in FY21. It reached a high of 9.7%-8% in Q2FY21 but fell toIn3.5% inforeign Q4FY21 due to reserves decline for Q4FY21. FY21, exchange rose US$ 87.3 billion on a Bo manufactured products increased by 4% in FY21 as fell to a cereals and vegetables. -10% compared to 6.9% FY20. April 20 ex (WPI) decreased to 1.3% in FY21infrom 1.7% in FY20. The decrease was due Balance of Payment Indicators ollowed by 72.76/US$ in February 2021. The rupee recovered with return of risk appe The External Sector WPI Global confidence in theinIndian economy appeared to Global confidence the Indian economy appeared to continue to be p ebound to 10% currencies following the opening the economy Due to sharp decline in India’s trade and trade deficit, the current account of balance recorded aand rebound of econom CPI continue to be positive with India’s foreign exchange excha surplus of 0.9% of GDP in FY21 compared with deficit of 0.9% in FY20. However, as India’s trade hile price 8% reserves US$ 582.27 billion as on March 19, 2021, billion Trade Deficit CAD Capital Account USD Bn USD Bn rebounded, the current account transformed from a 6% surplus in Q1/Q2FY21 to deficits of 0.3% in s fell from 6% compared with US$469.91 billion on March 20, 2020. 7.3% comp 4% 350receipts increased Q3FY21 and 1% in Q4FY21. The Net services 4.3% in FY21 (in US$ terms) due to 500 % in FY21, 1.1% The Indian rupee fell to an all-time intra-day low of Rs. on M 4% higher net earnings from software services.300 Net invisible2%receipts however declined 5.1% in FY21 due er declined 400 76.91/USD in April 2020. It thereafter traded with an rupee 250 0% payments and lower net private transfer to increase in net outgo of overseas investment income 2% ared to a upward bias for most of FY21. On a monthly the low o Q1FY18 Q3FY18 Q1FY19 Q3FY19 Q1FY20 Q3FY20 basis, Q1FY21 Q3FY21 200 -2% receipts. The gains in India’s capital market indices attracted FPI which increased from $1.4 billion in 300 rupee 2020. 150 fell to a low of Rs. 76.24/US$ in April 2020 and 0% However, FY20 to $36.14 billion in FY21. Net inflows were $21.22 -4%billion in Q3FY21 but fell to $7.28 billion in 200 100 a high of Rs. 72.76/US$ in February 2021. The rupee an up nufactured -2% Q4FY21. In FY21, foreign exchange reserves rose US$ 87.3 -6% billion on a BoP basis. 50 recovered with return of risk appetite for emerging On a 4% in FY21 100 -8% 0 currencies -4% fell to market following the opening of the economy FY20. -10% Exports Exports excluding Balance of Payment Indicators 0

1 2 02020 2 - 02 - 02021 2

April and rebound of economic activity. However, the surge Petroleum and Imports Global confidence in the Indian economy appeared to continue toFebruary be from positive with India’s foreign 72.76/US$ in 2021. The rupee recovered with return of risk ap of Covid-19 infections March 2021 caused the Retail inflation, as measured by consumer price index Gems and Jewellery sured by consumer price index (CPI) was higher than WPI at 6.2% in FY21 exchange reserves US$ 582.27 currencies following the opening of the economy and rebound of econ rupee to depreciate in March and April 2021. (CPI) was higher than WPI at 6.2% in FY21 though FY2 FY20 billion FY21as on March 19, 2021, as lower at 4.9% in fourth quarter. The growth of food & beverages group Trade Deficit CAD Capital Account CPI increase was lower at 4.9%6%in fourth quarter. The USD Bn USD Bn compared with US$469.91 billion FY20 to 7.3%growth in FY21 while the clothing moved upwards 1.7% in FY20 to 4% of food & beverages groupfrom increased from 7.3% 350 500 on March 20, 2020. The Indian 2% 1.1% 6.1% in FY20 to 7.3% in FY21 while the clothing moved 300 rupee fell to an all-time intra-day 6 400 0% 4% in FY21. Higher 250 upwards from 1.7% in FY20 to low of Rs. 76.91/USD in April Q1FY18 Q3FY18 Q1FY19 Q3FY19 Q1FY20 Q3FY20 Q1FY21 Q3FY21 200 -2% 300 inflation was also recorded for fuel and light, Transport 2020. It thereafter traded with 150 -4% and effects. and communication, Personal care 200 100 an upward bias for most of FY21. -6% 50 On a monthly basis, the rupee 100 The food inflation based on Consumer Food Price Index -8% 0 fell to a low of Rs. 76.24/US$ in (CFPI) for 2020-21 rose from -10% 6.8% in FY20 to 7.6% in Exports Exports excluding 0 April 2020 and a highandof Rs. Petroleum Impor FY21. It reached a high of 9.7% in Q2FY21 but fell to 3.5% and Jewellery 72.76/US$ in February 2021. The rupee recovered with return of risk appetite Gems for emerging market in Q4FY21 due to decline for cereals and vegetables. FY20 activity. FY21 However, the currencies following the opening of the economy and rebound of economic

The External Sector

USD Bn

7.3% 350 1.1% Due to sharp decline in India’s 300 trade and trade deficit, the current account balance recorded a surplus of 250 0.9% of GDP in FY21 comparedr200 with deficit ebmahC sardaof M 0.9% ehT in The FY20. However, as India’s trade 150 rebounded, the current 100 account transformed from a surplus in Q1/Q2FY21 to 50 deficits of 0.3% in Q3FY21 and 1% 0 in Q4FY21. The Net Exports excluding services receipts increased 4.3% in FY21Exports (in US$ terms) Petroleum and due to higher net earnings from software services. Net Gems and Jewellery

ICCM

invisible receipts however declined 5.1% in FY21 FY20 due FY21to increase in net outgo of overseas investment income payments and lower net private transfer receipts. The gains in India’s capital market indices attracted FPI which increased from $1.4 billion in FY20 to $36.14 billion in FY21. Net inflows were $21.22 billion in Q3FY21 but fell

14 Annual Report 2020 - 2021

MCCI

-18.0%

500

-13.8%

400

300 Chamber Madras 200 100 0

Imports FY20

Non-oil and NonGold Imports FY21

India’s overall exports (Merchandise and Services combined) in FY21 are estimated to be USD 493.19 billion, exhibiting a negative growth of -6.7% over FY20. Overall imports in FY21 are estimated to be USD 505.94

surge of Covid-19 infections from March 2021 caused the rupee to depreciate in March and April 2021. billion, exhibiting a decline of 16.5%. in FY20. The total expenditure rose 17.6% in FY21 (RE) India’s overall exports (Merchandise and Services combined) in FY21 are estimated to be USD 493.19 compared with 13.2% in FY20. However, given the billion, exhibiting a negative growth of -6.7%witnessed over FY20. Overall in FY21 are estimated Merchandise exports a imports decline given the to be impact of the second wave of the pandemic, it is likely USD 505.94disruption billion, exhibiting decline oftrade, 16.5%. while imports also showed a The gross fiscal deficit rose from 4.6% in FY20 to 9.4% in aglobal

that the fiscal deficit for FY22 will be higher than the in FY21 ( marked decline on account of the decline in domestic budgeted 6.7%. at 6.8%. The estimated growth for gross ta 22 is projected Merchandise exports witnessed a decline the to disruption in global trade, while imports also infections from March 2021 caused thegiven rupee depreciate in March and April economic activity. showed a marked decline on account of the decline in domestic economic activity. compared with 9.7% in FY20. totaltoexpenditure rose 17.6% In FY22, counter-cyclical fiscalThe support the economy is to be maintained through capital expenditure, even orts (Merchandise andMerchandise Services combined) in FY21 are estimated to be USD 493.19 India’s Trade FY20. However, given the impact of the second wave of the India’s Merchandise Trade as revenue expenditure growth is forecast to decline negative growth of -6.7% over FY20. Overall imports in FY21 are estimated to be deficit for FY22 will be higher thaninthe budgeted 6.7%. from 15.4% in FY21 (RE) to 13.1% FY22. The sizeable exhibiting a decline of 16.5%. increase in fiscal deficit for FY21-22 has necessitated a quantum jump in market borrowings of the Union rts witnessed a decline given the disruption in global trade, while imports also In FY22, counter-cyclical fiscal support to the economy is Government.

decline on account of the decline in domestic economic activity.

dise Trade

expenditure, even as revenue expenditure growth is forecast t The gross fiscal deficit of states rose to 2.8% of GSDP 13.1% FY22. The2.4% sizeable increase fiscal deficit for FY21-22 in FY21in(BE) from in FY20 due toindue to Covid-19 pandemic loss of revenues due to demand slowdown, market borrowings of the Union Government. coupled with higher expenditure associated with the pandemic.

The gross fiscal deficit of states rose to 2.8% of GSDP in FY21 ( Foreign Direct Investment Covid-19 pandemic loss of revenues due to demand slowdow India has attracted highest ever total Foreign Direct associated with the pandemic.

Investment (FDI) inflow of USD 81.72 billion during FY21 74.39 billion in FY20. FDI equity increased by 25% from Rs. 3,536 Foreign Direct Investment billion (USD 49.98 billion) in FY20 to Rs. 4,426 billion India has attracted highest ever total Foreign Direct Investme (USD 59.64 billion) in FY21.

India’s trade deficit for FY21 is estimated at USD 98.56 billion, which is 13.7% lower than FY20 trade as compared to USD India’s trade deficit for FY21 is estimated at USD 98.56 deficit of USD 161.35 billion. inflows into India has

billion, which is 13.7% lower than FY20 trade deficit of USD 161.35 billion. Fiscal Health

T R OANNUAL PER LAUN NA REPORT

The fiscal deficit and revenue deficit for FY21 increased significantly on account of the Covid-19 Fiscal Health pandemic. In the wake of 10 the pandemic, Union 9 The the fiscal deficit and revenue deficit Gross for Fiscal FY21 increased Deficit Governmentsignificantly announced a on account8 of the Covid-19 pandemic. 7 series of economic In the reform wake of the pandemic, the Union Government 6 measures which announced a series of 5 economic reform measures cumulatively amountedattoUSD 98.56 billion,4 which is 13.7% lower than FY20 trade t for FY21 is which estimated cumulatively amounted to Rs. 17.2 trillion. In 3 Rs. 17.2 trillion. In addition, 35 billion. addition, there are below 2 the line items like liquidity there are below the line 1 The Union Government also support measures as well. items like liquidity support 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 measures undertook as well. The expenditure rationalisation measures in Gross Fiscal Deficit 5.9 4.9 4.5 4.1 3.9 3.5 3.5 3.4 4.6 9.4 6.8 order to cut down avoidable4.5expenses. Government Revenue Deficit 3.7 on 3.2 account 2.9 2.5 2.1 3.3 7.4 5.1 andUnion revenue deficit foralso FY21 increased significantly of 2.6 the2.4Covid-19 undertook expenditure wake of 10 to cut down avoidable expenses. rationalisation measures in order Gross Fiscal he Union 9 8

1 2 02020 2 - 02 2 - 02021

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in FY21 (RE). The Gross Fiscal Deficit for 2021-22 is 8 projected at 6.8%. The estimated growth for gross tax revenue was 9.7% in FY21 (RE), compared with 9.7%

26.15

36.89

7.88 1.49

Deficit

ounced a 7 c reform 6 which 5 unted to 4 3 addition, 2 the line 1 y support rebmahC sardaM ehT 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 ell. The Gross Fiscal Deficit 5.9 4.9 4.5 4.1 3.9 3.5 3.5 3.4 4.6 9.4 6.8 ent also Revenue Deficit 4.5 3.7 3.2 2.9 2.5 2.1 2.6 2.4 3.3 7.4 5.1 penditure asures in order to cut down avoidable expenses. The gross fiscal deficit rose from 4.6% in FY20 to 9.4%

FDI

1.64 2.61

5.06

Computer Hardware/Software Construction Services Trading Singapore led the FDI inflows into India with USD 17.42 Automobile Drugs & Pharma billion, followed by USA (USD 13.82 billion), Mauritius (USD 5.64 billion), the UAE (USD 4.20 billion) and Cayman IslandsChamber (USD 2.80 billion). The Madras

MCCI

Top states in India that attracted the highest FDI equity inflow Top states in India that attracted the highest FDI equity billion), (USDGujarat 16.17 billion), Karnataka (USD 7.67 b inflows Maharashtra for FY21 were (USD 21.89 billion), Maharashtra (USD 16.17 billion), Karnataka (USD 7.67 billion), and Delhi (USD 5.47 billion).

Key Indicators:

Annual Report 2020 - 2021 15

INDIAN Economy Data categories 1.GVA and Related Indicators

Unit

FY19

FY20

FY21

Rs Crore % Rs Crore % Rs.

17,161,213 10.7% 12,744,203 6.5%

18,461,343 7.6% 13,271,471 4.0%

17,915,167 -3.0% 12,453,430 -7.3%

Million tonnes % %

285.21

297.50

305.44

3.8%

-0.8%

0.9%

-0.5%

% %

4.3% 3.9%

1.7% 5.4%

1.3% 6.5%

% change % change % Re/US$ $ billion

8.7% 10.4%

-2.1% 69.9 412.87

-5.1% -7.7%

-0.8% 70.9 477.81

-7.2% -17.1%

0.9% 76.3 576.98

% change

10.5%

8.9%

11.7%

12.3% 6.7% T R OANNUAL P E R% change LAUN REPORT NA

4.9%

GVA (current market prices) Growth Rate GVA (factor cost 2011-12 prices) Growth Rate Per Capita GDP 2.Production Food grains Index of Industrial Production (growth) Electricity Generation (growth) 3.Prices Inflation (WPI) (average) Inflation CPI (average) 4.External Sector Export (in US$ terms) Import (in US$ terms) Current Account Balance (CAB/GDP) Average Exchange Rate Foreign Exchange Reserves 5.Money and Credit Broad Money (M3) (annual) Scheduled Commercial Bank - Non Food Credit 6.Fiscal Indicators (Centre)b Gross Fiscal Deficit Revenue Deficit 7.Population

105526

5.2%

108645

1 2 02020 2 - 02 - 02021 2 % of GDP % of GDP Million

Conclusion

3.4 2.4 1,327

4.6 3.3 1,341

99694

-8.5%

9.4 7.4 1,355

The prospects for growth for FY22 look good with forecast normal monsoon, expected good Kharif harvest, higher food prices for FY22, increasing rural demand, recovery in exports, improvements in transmission of past reductions in policy rates favoring both consumption, and investment demand. Moreover, progress in vaccination is expected to gain speed in the coming months and should help to normalise economic activity quickly. Inflation could increase due to higher international commodity prices, especially of crude oil and metals, together with logistics costs. The RBI has forecast real GDP growth at 9.5% in FY22, consisting of 18.5% in Q1; 7.9% in Q2; 7.2% in Q3; and 6.6% in Q4. Additionally, rationalization in goods and services tax (GST) rates and reduction in corporate tax rates, rebmahC spending sardaM ehT steps to boost rural and infrastructure were targeted at reviving domestic demand. However, the second wave of the Covid-19 pandemic has changed this outlook. Inflation has been rearing its head and CPI has been hovering above 6%. Whether this will soften once the supply constraints are addressed is something to watch for. Continued higher inflation will call for more monetary and fiscal measures.

strongest post-recession pace in 80 years. By 2022, per capita income losses of 2020-21 will not be fully unwound in about two-thirds of emerging economies. The global outlook remains subject to significant downside risks, including the possibility of additional Covid-19 waves, emergence of new virus variants, slow pace of vaccination, and financial stress.

The world economic recovery has been gaining momentum driven by major advanced economies. However, emerging market economies have shown uneven growth due to renewed waves of infections and slower pace of vaccination. The World Bank has forecast global economy to grow 5.6% in 2021, its

Courtesy: Sammati Consulting and Analytics LLP

ICCM

16 Annual Report 2020 - 2021

The World Bank in its June 2021 Global Economic Prospects (GEP) has projected a increase of 8.3% in India’s GDP for 2021, followed by 7.5% growth in 2022. The OECD has forecast India’s GDP at market prices to expand 9.9% in 2021, and 8.2% in 2022 driven by pent-up demand for consumer and investment goods, However, the record infections since February 2021 The Madras Chamber have weakened the nascent recovery and may increase financial difficulties for banks and corporates. In 2020, poverty and informality increased substantially and the middle class declines, thereby undoing several years of progress. The adverse effect on the lowincome households is crucial, exposing the noteworthy progress made in reducing extreme poverty in the world since 1990s.

MCCI

Tamil Nadu Economy

Tamil Nadu Economy Tamil Nadu continues to rank 2nd in terms of contribution to India’s GDP. In a year that saw the country’s GDP decline by over 7% the state recorded a 5% growth, indicating its resilience. The state’s GSDP grew at a CAGR of 10.6% between FY17 and FY21, attaining around Rs. 19,434 billion (USD 255 69.32 billion) in 2020-21.

slow growth of population at 0.5% per annum during FY17-21 to 76.26 million in FY21 has resulted in a 10% increase in annual per capita income - from Rs. 158,072 in FY16 to Rs. 254,855 in FY21.

Share of Gross State Value Added

The breakup of Gross State Value Added (GSVA) added shows a balanced distribution across sectors. The state enjoys a strong industrial base as evidenced by the share of the secondary sector. In FY21, the tertiary sector The strong public health infrastructure of the state contributed 54.3% to the state’s GSVA at current prices, built over the years has held the state in good stead in followed by secondary sector at 32.4%, and primary handling the pandemic. The state held on to its position sector Manufacturing Share at of 13.4%. Gross State Value Added sector in secondary is as one of the most industrialised states in the country nd substantial and accounts for 20% of GSVA. The tertiary of tofriendly India’s state GDP. Inand a year that sawto k 2 in terms Tertiary Seconda Tamil Nadu Economy and ancontribution investment continues sector grew at an average rate of 10.8% between FY17 by over 7% the investments state recorded 5% growth, indicating its attract bothafrom within and outside the TheFY21, breakup of Gross State Value 120% and driven by Real estate, ownership of dwelling country as indicated by the cumulative FDI inflows in the nd grew at a Tamil CAGRNadu of 10.6% between FY172 and Added (GSVA) shows a 100% administration. in FY21, terms attaining of contribution to India’s GDP. added In a year that continues to rank and professional services; and saw public state from April 2000 to September 2019 amounting to The secondary sector indicating saw aacross growth of 9.3% between balanced distribution D 255 69.32 billion) inbillion. 2020-21. the country’s GDP decline by 2019 over to 7% the 2021, state recorded a 5% growth, its 80% USD 31.19 During October March FY17 and FY21 through manufacturing sectors. The strong 60%growth of 9.9%, resilience. The state’s GSDP of grew a CAGR ofout 10.6% between FY17state andenjoys FY21,a attaining the state attracted FDI inflows USDat 3,328 billion, and construction at 8.6%. The primary sector grew at industrial base as evidenced by the total India inflows of billion. The state around Rs. 19,434 billion (USD billion) inin2020-21. 40% astructureof of the state built over theUS$83,517 years 255 has 69.32 held the state 11.5%. Share of industrial Gross State Valuewith Added continues to stand first in the sector the share of the secondary sector. In 20% pandemic.highest The state held of onfactories to its position as one of the most number and industrial workers. Secondary Primary FY21, the Tertiary tertiary sector The strong public health infrastructure of the state built over the years has held the state in 0% ountry and an investment friendly state and continues to attract ofinGross State Value contributed 54.3% to the state’s 2014 2015 2016 2017 2 120% Tamil rich The talentbreakup resource terms highly goodNadu steadhas in handling the pandemic. The of state held on to its position as one of the most in and outside the country as indicated by the cumulative FDI qualified, skilled, disciplined, productivity-oriented GSVA at current prices, followed by (GSVA) added shows a friendly 100% industrialised statesAdded in the country and an investment state and continues to attract andSeptember English-speaking population. The state produces pril 2000 to 2019 amounting to USD 31.19 billion. secondary sector at 32.4%, and 5-year CAGR: Primary (11.5), Seconda balanced distribution across 80%indicated by the cumulative FDI investments both from within and outside students the country as nearly lakh engineering polytechnic ch 2021, the statefour attracted FDIsectors. inflows and of USD 3,328 billion, out primary sector at 13.4%. The state enjoys a strong inflows the state from April to September every yearinbeing the highest in the2000 country. According 2019 60%amounting to USD 31.19 billion. Manufacturing sector in secondary is substantial and accounts for 20% 3,517 billion. The from state Employees continues to stand firstFund the industrial toDuring data industrial base asinevidenced by the FDI October 2019 to Provident March 2021, theOrganization state attracted 40% inflows of USD 3,328 billion, out sector grew at an average rate of 10.8% between FY17 and FY21, d (EPFO), payrollworkers. inshare TamilofNadu from 0.804 In ber of factories andnew industrial the declined secondary sector. of total India inflows of US$83,517 billion. The state continues to stand first in the industrial 20% ownership of dwelling and professional services; and public administ million in FY20 to 0.664 million in FY21. sector with the highest industrial workers. FY21,number theof factories tertiary and sector sector saw a growth of 9.3% between FY17 and FY21 through man 0% resource 22,000 16% GDP at Current contributed Prices-Rs. Billion (LS) 54.3% to the state’s 2015 2016 2019 2020 2021 9.9%,2014 and construction at2017 8.6%. 2018 The primary sector grew at 11.5%. 19,434 Growth (RS) 14% 20,000 Nadu , skilled, Tamil 18,459 has rich talent resource 22,000followed 16% GDP atby Current Prices-Rs. Billion (LS) GSVA at current prices, 19,434 12% 18,000 Growth (RS) 16,302 20,000 14% terms of highly secondary qualified, skilled, 5-year CAGR: Primary (11.5), Secondary (9.3%), Tertiary (10.8%) nted and in 18,459 sector at 32.4%, and FDI Inflows & Investments 10% 16,000 14,651 18,000 12% 16,302 productivity-oriented and n. The disciplined, 13,026 primary sector at 13.4%. 8% 14,000 16,000 10% 14,651 11,765 FDI Inflows & Investments population. The ur lakh English-speaking 10,727 6% 12,000 As per13,026 DPIIT, the cumulative FDI inflows in Tamil Nadu from FY01 to 14,000 8%

T R OANNUAL PER LAUN NA REPORT

1 2 02020 2 - 02 2 - 02021

Manufacturing sector in secondary is substantial and accounts for 20% of GSVA. The tertiary 11,765 9,685 produces nearly four lakh 12,000 10,72740 6% 4% 10,000 8,548 students state sector grew at an average rate 9,685 of 10.8% between FY17 and FY21, driven by Real estate, 34.53 $ billion 10,000 8,548 4% 35 engineering and polytechnic students 2% 8,000 st in the ownership of dwelling8,000 and professional services; and public administration. The secondary 2% 30 0% 6,000 year being the highest in the every ta from 25 2013 2014 2015 sector 2016 2017 2019 2020 6,000 0% saw2018 a growth of2021 9.3% between FY17 and FY21 through manufacturing growth of country. According to data from 2013 2014 2015202016 2017 2018 2019 2020 2021 Organization (EPFO), new payroll in Tamil Nadu declined from and construction at 8.6%. The primary sector grew at 11.5%. 15 in Tamil Nadu declined from Given its strong base9.9%, ofFund traditional industries and the Employees Provident Organization (EPFO), new payroll 4 million ingrowing FY21. services sector, the state has managed to 10 6.85

32.2 billio 2019 to M attracted 3,328 billio inflows o 4.53 0.804 million in FY20 to 0.664 million in FY21. Tamil Nad 3.82 3.48 2.61 2.35 2.32 2.22 5 1.42 2.81 2.12 consistently outperform the national growth rate. The FDI Inflows & Investments Meet (GIM 0 rebmahC sardaM ehT rrent Prices-Rs.(LS) FY01FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY01The Madras Chamber GSDP Per Capita at Current Prices-Rs.(LS) more th 15% 11 21 3,00,000 15% Growth Given(RS)its strong base of traditional Given in itsTamil strong base traditional As per DPIIT, the cumulative FDI inflows Nadu fromofFY01 to FY20 stood are USD investmen 2,54,855 2,54,855 2,43,189 industries and the growing 2,43,189 services industries and the growing services billion) across 12 sectors namely, 40 32.2 billion. During October 2,50,000 Aslakh percrore DPIIT,(USD the 48.65 cumulative FDI inflows in Tamil Nadu automobile 34.53 $ billion 10% 10% sector, the state 2,15,784 2,15,784 has managed to sector, the state has managed to energy, etc. 146 MoUs were signed with and are expected t 35 from FY01 toAbout FY20 stood are USD 32.2 billion. During 2019 to March 2021, the state 1,94,834 1,94,834 30 October 2019 to March 2021, the state attracted FDI 2,00,000 employment of 10.5 lakhthe within the state. outperform national consistently1,74,054 outperform the national consistently 54 attracted FDIof inflows of inflows USD 25 inflows of USD 3,328 billion, out total India 1,58,072 growth of growth rate. The slow growth 5%of growth rate. The slow 5% 1,45,094 3,328 billion, out Global of totalInvestor India 20 of US$83,517 billion. Tamil Nadu’s 1,50,000 1,31,893 The state position declined in attracting FDI investments as it has slip population at 0.5% per annum during at 0.5% per annum during 1,17,204 population 15 Meet (GIM) thin 2019inflows secured of more than the targeted US$83,517 billion. in FY19 6 amounting in million H2FY20 and improved 5th position October 2019FY17-21 to to 76.26 into FY21 hastolakh investment Rs. 3.4 crore in (USD 10 to6.85 FY17-21 76.26 million in FY21 has 1,00,000 0% 4.53 Tamil Nadu’s Global Investor 3.82 0% 3.48 2.81 2.61 share in 2.32 FDI inflows Gujarat, Maharashtra, Karnataka, and 2.35 2.22 resulted 2.12 2013 2014 2015 5 2016 20171.42 2018 2019 2020 2021 48.65 billion) across 12behind sectors namely, automobile, in atotal 10% increase in annual 2018 2019 2020 2021

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resulted in a 10% increase in annual FY01- FY12 FY13 FY14 FY15 FY16 FY17 158,072 in FY16 to Rs. 254,855 in FY21.

MCCI

Meet (GIM) in 2019 secured more than the targeted 11 investment amounting to Rs. 3.4 Annual Report 2020 - 2021 17 lakh crore (USD 48.65 billion) across 12 sectors namely, automobile, textiles, renewable

0 per capita income - from Rs. 158,072 in FY16 to Rs. 254,855 in FY21.

FY18 FY19 FY20 FY21 FY0121

tamil nadu Economy textiles, renewable energy, etc. About 146 MoUs were signed with and are expected to generate additional employment of 10.5 lakh within the state. The state position declined in attracting FDI investments as it has slipped from position 4th in FY19 to 6th in H2FY20 and improved to 5th position in October 2019-March 2021 with a 4% share in total FDI inflows behind Gujarat, Maharashtra, Karnataka, and Delhi.

State Finances According to Tamil Nadu State Budget for 2021-22, Tamil Nadu is expected to register a positive growth rate of 2.02% at 2011-12 constant prices in FY2021. In the aggregate, the State Own Tax Revenue is expected to be Rs.1,099.69 billion in the Revised Estimates (RE) 202021 which represents a drop of 17.6% against Rs.1,335.30 billion anticipated as revenue in the Budget Estimates (BE) 2020-21. The share of Central taxes for Tamil Nadu which had been indicated in the Union Budget at Rs.328.49 billion in their Budget Estimates 2020-21, has been reduced to Rs.230.39 billion. The aggregate revenue receipts in the Revised Estimates 2020-21 are estimated to be Rs.1,807.01 billion which represents a decline of 17.6% from the Budget Estimates 2020-21.

been contained to Rs.842.02 billion which is 3.94% of GSDP. The overall debt outstanding as on 31st March 2021 is estimated to be Rs.4,855.03 billion and on 31st March 2022, it is estimated to be Rs.5,701.89 billion. The 15th Finance Commission has reset the Debt-GSDP norms recognising that increased borrowings will be required in 2020-21 and 2021-22 to sustain the levels of expenditure. The Debt-GSDP ratio of Tamil Nadu as on 31st March 2021 was 24.98% and will be 26.69% of GSDP as on 31st March 2022, which is well within the norms prescribed by the 15th Finance Commission.

Infrastructure Power: The success of economic growth in an economy with sustainable development critically depends upon the macro economic environment coupled with infrastructural development. As such, power development is one of the key inputs for the overall socio -economic development of a State. As per Central Electricity Authority's (CEA) statistics, Tamil Nadu has a total installed capacity of 34.25 GW as of 31st March 2021. Of this the private sector accounts for 18.54 GW, followed by the central sector at 8.56 GW, and state sector of 7.14 GW. The installed capacity comprises about 14.40 GW of thermal power, 15.23 GW of renewable power, 2.41 GW of hydropower and 2.44 GW of nuclear power. Renewables capacity comprises 9.61 GW of wind power, 4.48 GW of solar power, 1.02 GW of biomass power, and 0.12 GW of small hydropower (SHP). Tamil Nadu has renewable energy of 34.15(GW) GW comprising 17.67 GW of Installedpotential Power Capacity solar, 14.15 GW of wind, 1.07 GW of biomass, and the balance for other sources.

T R OANNUAL PER LAUN REPORT NA

The COVID-19 pandemic has necessitated additional expenditure on the revenue account of Rs.129.18 billion primarily for health and relief related expenditure. Tamil Nadu is one of the few States in India that did not defer payment of any part of the salaries to the employees or of pension to pensioners during 202021. The aggregate revenue expenditure in the Revised Estimates 2020-21 is estimated at Rs.2,466.95 billion. The COVID-19 pandemic has caused a sharp drop of revenue, but the expenditure levels had to be enhanced to protect people’s welfare. Hence, it is completely unavoidable that the Government had to resort to borrowings resulting in a higher fiscal deficit.

1 2 02020 2 - 02 - 02021 2

The fiscal deficit in the Revised Estimates 2020-21 is expected to widen to Rs.968.90 billion which is 4.99% of the GSDP. This is within the limits recommended by the 15th Finance Commission and is in accordance with the amended Tamil Nadu Fiscal Responsibility Act, 2003. Given that revenue receipts have dropped considerably in 2020-21, a rebound is expected in rebmahC sardaM ehT 2021-22.

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The total revenue receipts in the Interim Budget Estimates 2021-22 are estimated at Rs.2,189.92 billion. The elevated level of the fiscal deficit in the current financial year was unavoidable and this deficit has to be brought down gradually to ensure there is no adverse impact on the economy. Even the 15th Finance Commission has recommended that a higher fiscal deficit of 4% of GSDP should be permitted to States in 2021-22. Accordingly the fiscal deficit in 2021-22 has

18 Annual Report 2020 - 2021

Total pow GW was 91,74 32.84 34.25 35 31.06 29.11 29.90 this, co 30 25.39 22.88 25 was 70,0 21.19 19.43 20 15.51 17.60 Renewab 15 21,676 M 10 5 share 0 increased FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 24% in F nd The Madras Chamber 2 largest in India in wind power generation (behind Karnataka). Installed Power Capacity (GW) generation is the highest in the country. Total power generation in FY21 was 91,749 million units (MU). Of this, conventional generation was 70,074 MU The total 16.1%. installed capacity isgeneration estimatedwas to expand declining Renewable 21,676 and MU, the gover 5,000 crore to improve the renewable energy policies, increasing 9.7%. The share of renewables has increased transmis from 15% inaFY17 to 24% FY21.The Tamil Nadu the commission floating solarinplant. state has is planned to pro 2nd largest in India in wind power generation (behind pumps to a capacity of 10HP for enhancing micro irrigation. The G Karnataka). The state’s solar power generation is the provide in financial support. TANGEDCO has been provided towards ta highest the country. billion in the Revised Estimates 2020-21. A sum of Rs.88.35 billion h Interim Budget Estimates 2021-22 for subsidy payment. To fund TANGEDCO, as per the UDAY commitments, a provision of Rs.72.17 the Interim Budget Estimates 2021-22. 40

MCCI

The total installed capacity is estimated to expand and the government has invested Rs. 5,000 crore to improve the renewable energy policies, transmission infrastructure and commission a floating solar plant. The state has planned to provide 2,000 solar power pumps to a capacity of 10HP for enhancing micro irrigation. The Government continues to provide financial support. TANGEDCO has been provided towards tariff subsidy of Rs. 84.14 billion in the Revised Estimates 2020-21. A sum of Rs.88.35 billion has been provided in the Interim Budget Estimates 2021-22 for subsidy payment. To fund the losses incurred by TANGEDCO, as per the UDAY commitments, a provision of Rs.72.17 billion has been made in the Interim Budget Estimates 2021-22. The state has achieved 100% electrification of households. Tamil Nadu stands second in renewable energy generation among all Indian states. The state is a leader in wind power generation accounting for 25% of the country’s installed capacity. Ports: The state has 3 major ports and 15 minor ports. The Chennai major port handles container cargo, while the Ennore & V.O. Chidambaranar major ports deal in coal, ores and other bulk minerals. The total cargo traffic in the major ports has decreased 6.1% in FY21, from 205.44 million tonnes in FY20 to 192.90 million tonnes in FY21.

The rail network is also well spread out with 4,181 Kms of railway lines and 690 railway stations. Chennai metro rail budget allocation for FY20 was Rs. 26.81 billion (USD 371.59 million). In the Budget Speech of the Union Finance Minister, a commitment has been made for counterpart funding for Phase II of the Chennai Metro Rail Project. With this, the entire financing of the project is tied up. The Detailed Feasibility Report (DFR) DFR for establishing a Metro Rail in Coimbatore with 44 km in the first phase at a cost of Rs.66.83 billion has been prepared and is under examination. Tamil Nadu is the only state in India to have 4 international airports. Due to Covid-19, Chennai Airport recorded a decline in passenger traffic from 22.27 million in FY20 to 5.50 million in FY21. Freight traffic also declined from 0.355 million tonnes in FY20 to 0.29 million in FY21. Chennai airport is expected to add a new terminal building at the airport in Chennai at a cost of Rs. 24.67 billion. The new terminal building could have a capacity of 35 million passengers per annum, and take care of growth requirements till 2027. The Chennai airport’s phase II modernisation project has been delayed due to the pandemic and the lockdown, and a part of the new integrated terminal is likely be opened by the end of 2021.

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1 2 02020 2 - 02 2 - 02021

Cargo traffic at major ports in Tamil Nadu (million tonnes) Port

201819

201920

202021

Kamarajar (Ennore)

34.50

122.61

117.56

Chennai

53.01

46.76

43.55

VO Chidambaranar (Tuticorin)

34.34

36.08

31.79

Total

121.85

205.44

192.90

The state has a good logistics infrastructure with 6,742 Kms of National Highways (as of March’20. It has 28 national highways, which is an important terminus in the golden quadrilateral road link ofahNHAI. rebm C sardIn aM2020-21, ehT widening, strengthening and upgradation of 3,167.28 km of roads, improving riding quality of 3,220.60 km of roads and construction of 706 bridges and culverts has been sanctioned at a total cost of Rs.53 billion. In the Revised Estimates 2020-21, the provision for Comprehensive Road Infrastructure Development Programme (CRIDP) has been enhanced to Rs.60.23 billion. In 2020-21 the target for two years has been approved at one go and 1,430 Panchayat / Panchayat Union Roads of a total length of 3,063.66 km at a total cost of Rs.25.04 billion have been taken up.

ICCM

Tamil Nadu is an early adopter of skill development initiatives. The school education system is well organised and has been a very good feeding in mechanism to higher education and technical/vocational education. The state has over 57,000 schools with a Net Enrolment rate of 99.86 % at the Primary level and 99.22 % at the Upper primary level. The Pupil-teacher ratio at the Primary level is 24.02 students per teacher and at the Upper primary levels 24.77 students per teacher. Health Indicators of Tamil Nadu (Sep’17) Birth rate

15.0

Death rate

6.4

Infant mortality rate

MCCI

Tamil Nadu has three-tier health infrastructure The Madras Chamber primary health centres, health consisting of hospitals, units, community health centres and sub centres. As of January 2020, the state had 34 district hospitals, 319 sub-district health centres, 1,976 primary health centres, 8,725 sub-centres and 449 community health centres. An allocation of Rs.1.44 billion has been made for Amma Mini Clinics in the Interim Budget Estimates 2021-22. With the sanction and construction of 11 new Government Medical Colleges at a total cost of Rs.39.95 billion, an additional 1,650 MBBS seats are expected to be available in 2021-22 academic year.

Annual Report 2020 - 2021 19

tamil nadu Economy The provision for Health and Family Welfare Department has been stepped up from Rs.158.63 billion in Budget Estimates 2020-21 to Rs.184.58 billion in the Revised Estimates 2020-21. The allocation has been further stepped up to Rs.194.20 billion in the Interim Budget Estimates 2021-22. The largest allocation of Rs.341.81 billion has been made for School Education in the Budget Estimates for 2020-21. Computer Science which so far is being taught as a separate subject only in Classes 11 and 12, will now be introduced for Classes 6 to 10 in all Government High and Higher Secondary Schools.

Socio Economic Indicators of Tamil Nadu and India Tamil Nadu

India

Rural (%)

6.4

5.0

Urban (%)

6.7

7.6

Total (%)

6.6

5.8

Unemployment Rate 2018-19 (15 years and above)

Health related Maternal (2016-18)

Mortality

Ratio

Maternal (2015-17)

Mortality

Ratio

Total Under-Five Rates (2018)

Mortality

113

122

Primary Drop-out Rate 2016-17

0.46

6.35

Upper Primary Drop-out Rate 2016-17

1.34

5.67

Education related

Rate

Primary to Upper Primary Transition Rate 2016-17

Conclusion Tamil Nadu has been a strong economic engine of India and has over the years built a balanced economy with adequate focus on agriculture, Industry and Services. The state has also been in the forefront in ensuring social development, addressing inequalities and building a robust primary education and Public health infrastructure. While the state continues to hold the second position in terms of contribution to the country’s GSDP, states like Gujarat, Karnataka and Telangana have registered higher growth rates of GSDP and are closing the gap with Tamil Nadu. The state holds the second position by a small margin. However, with a higher population base, the state’s rank in the per capita GSDP appears to be slipping. In FY15, Tamil Nadu ranked 3rd in GSDP per capita after Maharashtra and Gujarat but has slipped to 5th position in FY 20 with Karnataka and Telangana overtaking the state.

1 2 02020 2 - 02 - 02021 2 36

Drop-out

Merchandise exports from India declined from USD 313,361 million in FY20 to USD 290,811 million in FY21, or a decline of 7.2%. Exports from Tamil Nadu decreased from USD 30,015 million in FY20 to USD 26,157 million in FY21, or a decline of 12.9%. The state accounted for 8.99% of India’s merchandise exports in FY21 and was third behind Gujarat (USD 60,587 million, 20.83% share), and Maharashtra (USD 58,406 million, 20.08% share). Automobiles and textiles and garments are the major export items.

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Secondary 2016-17

Exports

Going forward, the state needs to focus on its strengths and attract investments in areas that would take the state to the next level. Attracting investments in areas such as Semiconductors and Integrated Chips which are becoming critical inputs in many industries and in emerging areas such as Fintech, Electric Vehicles and Batteries by adopting innovative policies and creating a conducive environment is what will help the state retain its premier position. Courtesy: Sammati Consulting and Analytics LLP

10.03

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19.89

rebma98.6 hC sardaM e88.6 hT

Elementary to Secondary Transition Rate 2016-17

96.8

90.3

Secondary to Higher Secondary Transition Rate 2016-17

83.3

66.4

20 Annual Report 2020 - 2021

MCCI

The Madras Chamber

gc meetings

GC Meetings Special Initiatives The General Committee have been having continuous discussions almost every alternate day during the lockdown to discuss the impact of Covid 19 on the Trade and Commerce and to escalate the difficulties to the concerned authorities for resolving them. We had also submitted appropriate recommendations to the government for accelerated revival of the Industries.

Help desk for Covid 19 Immediately on the outbreak of the pandemic the Chamber set up the help desk for Covid 19 in our website. As logistics is the sector where the challenges were manifold, in spite of the support provided by the Government through various measures, the Chamber has been receiving numerous queries and the experts in logistics committee have been providing the necessary guidance on an ongoing basis. We kept connected with the members and advising them real time and this won great appreciation from the members.

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Further, the Chamber has been updating the members continuously on the circulars and notifications particularly in the context of Covid 19, from different Government departments both through our helpdesk and direct mails. The Expert committees were actively engaged in guiding the members on different issues arising out of the pandemic.

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New Industrial Policy 2021

The General Committee and a subcommittee worked on the suggestions to be given for the New Industrial Policy 2021 and gave the recommendations to the Industries Department, Government of Tamil Nadu comparing some of the policy measures of other States. The Tamil New Industrial Policy 2021 has included most of the recommendations given by the Chamber.

Fintech Policy 2020 The Chamber has been taking the lead on making Chennai a next Generation Financial Hub. Regular meetings have been held with the Guidance Tamil Nadu and officials of the State Government. A detailed presentation was made and a draft Fintech Policy has been submitted to the Government. The policy initiatives were addressed under the following heads: 1. Promoting Chennai as the “Next Generation Financial Hub” 2. Creating enabling infrastructure 3. Promoting a FinTech Ecosystem 4. Incentives for FinTech Companies.

Agriculture Council

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MCCI

The Madras Chamber

The Chamber has expert Committees who act as ‘Think Tanks’ for the Chamber in select domains. To explore activities under the Agriculture and Allied Sectors, the Chamber has set up an exclusive Agriculture Council under the Chairmanship of Mr. T.R Kesavan, President & COO, TAFE Ltd., and Vice President, MCCI. We have 6 experts in the field of agriculture as part of the council to guide and address the entire spectrum of Agriculture and allied Industries

Women Business Council (WBC) Another milestone was created this year with the setting up a Women Business Council (WBC) with the aim to promote gender acceleration and to buildan inclusive culture in business environments.

Annual Report 2020 - 2021 21

gc meetings The primary objective is to enable women to reach their highest potential, through learning and awareness and to create opportunities for gender. The WBC was inaugurated by Ms. Mallika Srinivasan, Chairman & Managing Director, TAFE Ltd on 13th March 2021 The WBC is chaired by Ms. Bhavani Balasubramanian, and ably supported by Co Chair Ms. Madhri, Advocate, T.S.Gopalan & Co. A number of activities are being planned under the WBC and we have started rolling out some of them already. With the Industries commencing work after the second wave of the pandemic, and a change in the Government, there has been discussions in the Committee to relook at the study to be undertaken and to broaden the scope of the study to include the means of attracting talented people to Tamil Nadu and skilling for future.

The Madras Chamber Arbitration, Mediation and Conciliation Centre (MAMC): The Chamber is one of the first few organisations to provide Arbitration services for resolving commercial disputes and has been providing this service from the year 2000. The Madras Chamber Arbitration, Mediation and Conciliation Centre (MAMC) is the exclusive centre set up by the Madras Chamber of Commerce & Industry to resolve commercial disputes with the state-of-the-art facilities. We have 3 arbitration rooms and a discussion room. We have provided video conferencing facilities. This was formally inaugurated by Justice Mr Sanjay K Kaul, Judge, Supreme Court of India, the centre’s new premises on 25th January 2021. The Chamber offers professional assistance in arbitration for commercial disputes between member companies and others. These are governed by the Rules of Arbitration and Conciliation of the MCCI. The Centre has eminent experts in its Governing Council to guide the affairs of centre. The Governing Council functions with the guidance provided by the General Committee of the Chamber. The services provided by MAMC would benefit a wide range of parties for resolving commercial disputes. It includes large Corporates, small and medium businesses, public organisation, traders among others.

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The Chambers Arbitration centre has eminent experts in its panel of Arbitrators. It includes Judges, Senior Advocates, Chartered Accountants, and Professionals representing various sectors. MAMC is also organising the Arbitration series every month with experts addressing on different aspects of national and international arbitration for the benefit of the members. Apart from the above, the Chamber based on the discussions with Mr. Muruganandam, IAS, Principal Secretary, Industries Department have formed Sub Committees to explore the following:-

TN Migrant Labour Study To understand the dependence of migrant labour in five sectors, namely Manufacturing, Textiles, Construction, Hospitality and IT (support services) in Tamil Nadu and to find ways and means to attract talented people to Tamil Nadu. Study to focus on the current R & D in the State and to give recommendations to improve the R & D Climate.

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22 Annual Report 2020 - 2021

MCCI

The Madras Chamber

Statutory

184th Annual General Meeting (Virtual AGM)

27th

https://youtu.be/aDO5y3oNyzc

NOV 2020

The 184th AGM of the Chamber was held virtually. In the Business session, the newly constituted committee for the year 2020-2021 was announced. Mr Srivats Ram, Managing Director, Wheels India Limited became the President for the year 2020-2021 with Mr. T R Kesavan, Group President, (Corporate Relations & Alliances), Tractors and Farm Equipment Ltd. as the Vice President.

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In the Public Session, Special Guests were Mr N Muruganandam, IAS., Principal Secretary Industries Department, Government of Tamil Nadu and Dr Neeraj Mittal, IAS., MD & CEO, Guidance Tamil Nadu Government of Tamil Nadu The Business participants.

Session

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was

attended

150+

Business Session Mr Srivats Ram, President MCCI chaired the meeting and conducted the proceedings. The following resolutions were passed in the Business Session. • Annual Report of the year 2019-2020 • Audited Statement of accounts of the year 2019-2020.

ICbyCdifferent M classes • Rates of subscription payable rebmahC sarThere daM ehis T no of members for the year 2020-2021. revision and the existing rates would continue as well as the voting rights.

• Appointment of the Auditors for the year 2020-2021. M/s RGN Price & Co. would continue as auditors for the current year 2020-2021. • The newly constituted General Committee for the year 2020-2021 and the Expert Committees Chair and Co-Chair were announced.

Public Session

MCCI

Mr Ramkumar Ramamoorthy, Past President MCCI, made a detailed presentation on the important activities The Madras Chamber and the key initiatives that the Chamber undertook in the year 2019-2020. Mr Srivats Ram, president MCCI in his welcome address briefed about the important activities and the key initiatives that the Chamber undertook in the year 2019-2020. The Special initiatives, namely, to make Chennai as a Hub-Next generation financial hub and MCCI Arbitration Mediation and Conciliation centre were highlighted. He added that the Chamber was

Annual Report 2020 - 2021 23

Statutory active and agile during lockdown and many programs were curated to create awareness and for assisting members to navigate through the pandemic. The Chamber is working closely with State Government to improve the ease of doing business. The Special Guest, Mr Muruganandam applauded MCCI activities and thanked MCCI for its vital role and constructive inputs to the State. He made a special mention of MCCI Studies and recent focus on Chennai as a fintech hub. He added that the State Government is working on the same and the Chamber’s inputs are considered. The investment promotion and ease of doing business in Tamil Nadu processes have been simplified and Single window portal to expedite clearances has been implemented. He stated that the other important area is to improve Industrial infrastructure. Land banks have to be created with quality infrastructure to attract big industries to the State. The government is also encouraging private industrial parks and is facilitating and incentivizing such parks. Mr. Muruganandam stated that the Chamber’s recent study on Industrial estates and its recommendations was very useful and the Government took necessary measures to improve the facilities such as street lights, water facility etc. In most of the parks water supply have been improved through sustainable solutions like desalination plants on coastal plants and reverse osmosis plants are implemented in and around in Chennai Industrial parks.

announced by the Government to attract new investments into the State. The Chamber’s inputs are considered and the new Industrial Policy will be released shortly. Further, the fintech policy for which the Chamber has provided its inputs will be released soon. The Textiles and food processing policies are also being revamped. Tamil Nadu will be in the forefront with these dynamic and proactive Industrial policies. He added that the area for improvement would be on Innovation ecosystem. Research and Development (R&D) organizations are very less in TN. Most of the R & D companies are in Hyderabad and Bengaluru He requested the Chamber to study the existing system and recommend for enhancing innovation to maintain the leadership position. He thanked Mr Ramkumar Ramamurthy for his contribution and wished Mr Srivats Ram President MCCI Dr. Neeraj Mittal thanked Mr Ramkumar Ramamurthy for his steller contribution and leadership not only to software industry but to other industries as well. He stated that in spite of the covid 19, the investments continue in TN and we are ranked No. 1 for the last three years. Biz Buddy, the grievance redressal portal’s processing time is reduced and plays a vital role in ensuring the ease of doing business. He urged the members to use the portal. Further, he stated that the Government is working on eliminating or simplifying the compliance rules and regulations to reduce the cost of doing business. The upgradation of single window portal leads to covering 37 departments thus making compliances easier for Industries.

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He added that the Government is working on special electric vehicle parks. Further, a polymer park near Ennore Port is to be set up for plastic Industries. The Government has sought Government of India’s support in setting a pulp drug pharma park in Mannalur and medical appliances park in Oragadum. Work is in progress for setting up a Defence park in Solur and Textiles park in Tirupur apart from setting up 5 mega food parks. To create the best ambience and eco system for the industries, policies are being simplified.

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With regard to policy framework, Mr. Muruganandam stated that the electric vehicles electronic rebmahpolicy, C sardaM ehT manufacturing policy, aerospace policy have been

24 Annual Report 2020 - 2021

He added that all this Initiatives of the Government are Intended to improve the business process and to improve the thought leader ship position of TN. He stated that the Government has signed a MOU with Advanced Manufacturing hub with an aim to bring in the Industry 4. He invited the Chamber to collaborate with the government to help reach the Industry 4.0 to MSMEs. Once again, he requested the Chamber to join hands with the Government to enable the State to remain in its leadership position.

MCCI

Mr. The T R Madras Kesavan, Vice President proposed the formal Chamber vote of thanks

CHAMBER DAY

chamber day 29th sep 2020 The Chamber celebrated its 184th Chamber Day virtually on Tuesday, 29th September 2020.

https://youtu.be/E1a5rnwi5_s

Mr. Srivats Ram, President MCCI welcomed the Chief Guest and the participants and addressed the participants. A flash presentation on MCCI activities was shown to the participants. The Chief Guest, Dr. Pawan Kumar Goenka, Managing Director & CEO, Mahindra & Mahindra Ltd., addressed on “Competitiveness of Indian Manufacturing in the New Normal”. He thanked the Chamber for the opportunity given to address the members of the Chamber. He added that the recent Covid situation has pushed the industry to a corner and the crisis has made us to explore new possibilities He stated that Atmanirbhar Bharat is not about making everything in India“. To realise the objectives of Atmanirbhar Bharat and become a key part of the global chain, we must put India first, opt for partnerships and have a longer horizon, which will help the manufacturing sector to grow. He said global supply chain realignment due to geopolitical events and Covid-19 was throwing up opportunities for India. “A holistic plan with a stronger focus on three areas — put India first, partnerships and a longer horizon — will help grow the manufacturing sector, ”.

the government and industries are trying to grab opportunities that are moving out of China India should have “plug and play infrastructure” for large scale manufacturing like Vietnam Dr. Goenka pointed out that India has a huge potential when it comes to electric vehicles specifically for shared mobility. “Now is the time to invest in technologies pertaining to electric vehicles, ” he said.

T R OANNUAL P E R L AQUandN NA A Session was moderated by Mr Srivats Ram. REPORT

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He also stressed that India needs to have the right infrastructure to bring in investments into this space like what China and Vietnam did. At a time, when

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After the Q & A Session. Mr. Srivats Ram virtually presented the memento to Chief Guest Dr. Pawan Kumar Goenka, memento to the outgoing President, Mr. Ramkumar Ramamoorthy and memento to Mr. R. Suresh for completing 15 years of service in the Chamber. Vote of thanks was proposed by Mr. T. R. Kesavan, Vice President of the Chamber. The Chamber Day celebrations were attended by 185+ participants representing our members, business professional’s government representatives, other chamber and trade associations, consultants and press.

MCCI

The Madras Chamber

Annual Report 2020 - 2021 25

flagship activities

PHYGITAL 2020

30th nov 2020

4th dec 2020

https://youtu.be/XJZs0uPcfX8 The Chamber organized the second edition of the flagship event “PHYGITAL 2020” scheduled as ‘PHYGITAL WEEK 2020” from 30th November to 4th December 2020 (Virtual event). The objective of this mega event was to highlight the current developments in the disruptive technologies and how they could be used to support the aspirations of the industry to carry out digital transformation in their key business operations. Phygital 2020 had experts from different spheres sharing their knowledge on the new policies followed by presentations and use cases. In the Phygital week, the topics discussed include • Data Analytics • Artificial Intelligence • Block Chain • Cyber Security & • Social Media

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In the inaugural plenary Mr. Srivats Ram, President MCCI gave the welcome address. He made a brief introduction about the Chamber. He stated that Phygital is one of the flagship activities of the Chamber. Phygital 2020, a combination of physical and digital is an event to enable members to understand the importance of latest in Technology, namely, Data Analytics, Artificial Intelligence, Block Chain, Cyber Security and Social Media in the present Industrial Scenario. Mr Santosh K. Misra, IAS., CeG/CEO, Commissionerate of e-Governance TamilNadu e - Governance Agency, Chief guest for the inaugural plenary made a very detailed presentation on emerging technologies for governance and how the Government is using these technologies He added that after China, Fintech adoption of technology in India is phenomenal. rebthe mahCountry C sardaMtoehT Tamil Nadu is the first State in bring out a clear policy on Tamil Nadu Safe and Ethical Artificial Intelligence policy 2020 and Tamil Nadu Blockchain policy 2020. He explained about Artificial intelligence and Block chain use cases in Health care, Education, Climate change. Similarly, he explained about its usage in other States such as Karnataka, Kerala and Telangana. In the other projects through block chain, they are working on remote voting for election commission of India. He added it is open to all new or experienced business to make use of the information presented to Block Chain. The objective is

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26 Annual Report 2020 - 2021

to bring a data driven public policy and the State family database would be launched shortly. This would be a transformative project. Mr Venkat Sitaram, Director & General Manager, Dell Bangalore made a very detailed presentation on use case of Dell; how work is been redefined using technology at Dell. Dell was the platinum sponsor for Phygital event 2020. His presentation covered •

Enabling a remote culture-the new normal,

•

Empowering work from home for dell employees, and

•

How dell can help in technological aspects.

MCCI

Ms K Saraswathi, Secretary General proposed the The vote Madras Chamber formal of thanks.

Technical Session -1 Data Analytics Mr. L. Ashok, Chairman, MCCI IT/ITes Committee moderated the Session. The topics in this session and the speakers were •

Industry Perspective /Panel Discussion– Data Analytics & Use Case - Mr Rajan Sethuraman, Chief Executive Officer, LatentView Analytics Pvt. Ltd.

Technical Session 2 – Artificial Intelligence

Mr. Arjun, Director, Risk Advisory Deloitte moderated the Session The topics in this session and the speakers were •

•

Tamil Nadu Safe and Ethical Artificial Intelligence Policy 2020 - Mr. K. Vaitheeswaran, Advocate & Tax Consultant K Vaitheeswaran & Co Business Perspective – Artificial Intelligence & Use Case - Mr Sundara Ramalingam N Global Director, NVIDIA

Technical Session 3 – Block Chain Mr. Satish Salivati, CEO Intelitix Solutions moderated the session. The topics in this session and the speakers were

Kochhar & Co., •

Business Perspective – Cyber Security & Use Case - Mr K M Vijayakumar, General Manager, Head – Cyber Security Operations, Global Information Security, Tata Communications.

Technical Session 5 – Social Media Dr. K. Ramasubramanian, Co- Chairman MCCI IT/ITES Committee moderated the session The topics in this session and the speakers were •

Business Perspective – Social Media & use case Mr David Appasamy, Head-Brand & Strategy, Social Beat

•

Tamil Nadu Block Chain Policy 2020 - Mr. R. Vittal Raj, Partner, Kumar & Raj, Chartered Accountants

Presentation by Mr Dhanasingh Vinodh, Business Manager – South Amazon Internet Services Pvt. ltd. )

•

Business Perspective – Block Chain & Use Case - Mr Suman Kumar Gorla, Technical Manager, Thirdware Technology Solutions

In the Valedictory plenary Mr. L. Ashok, Chairman, MCCI IT/ITes Committee made a detailed presentation on the use cases and summed up the event.

Technical Session 4 – Cyber Security

Ms. K. Saraswathi, Secretary General, MCCI proposed the vote of thanks.

T R OANNUAL P E R L AThere UN NA REPORT was more than 80+ participants and the feedback

Dr. K. Ramasubramanian Director & CEO, Valiant Technologies Pvt. Ltd &Co Chairman MCCI IT/ITES Committee moderated the session

1 2 02020 2 - 02 2 - 02021 was positive.

The topics in this session and the speakers were •

Tamil Nadu Cyber Security Policy 2020 - Ms Savitha Kesav Jagadeesan, Senior Resident Partner,

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Annual Report 2020 - 2021 27

flagship activities

Power Conference on “Tamil Nadu’s Emergence as a Power Sector leader The Madras Chamber, in association with India Energy Forum, organized the 8th Power conference on “Tamil Nadu’s Emergence as a Power Sector leader” on 23rd December 2020

23RD dec 2020

https://youtu.be/v4HCVtkppkI

ICRA Analytics Limited was the Knowledge Partner and L & T Construction, Chennai was the Industry Partner for this Conference. Mr. Srivats Ram, President, MCCI in his welcome address complimented Tamil Nadu for turning around power shortage to surplus with a diverse and healthy generation mix. He charted out the programs and representations made related to energy sector by MCCI. While we have emerged as a leader in Power, there are a few challenges which we have to overcome in the coming year. Tamil Nadu has overcome many challenges in the past decade and we are positive that we would find suitable solutions in the coming years to sustain our position as a power sector leader in all aspects.

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Mr. Bhambhani, Secretary General, India Energy Forum, Former ED – BHEL spoke about MCCI and India Energy Forum Partnership. He proudly added that IEF cherishes its association with MCCI and this year is the 8th joint program. The IEF Forum represents all verticals of energy sector as a whole. He thanked MCCI and wished to continue the long standing relationship.

Mr. RV Shahi, President IEF, Former Secretary, Ministry of Power & Chairman, Energy Infratech Ltd gave the special address. In his address he recollected his early good memories in TamilNadu. He stated TN has all signs of the progressive state and the state of urbanisation is best in the country. He added that we have to be proud of the fact that the state is the second largest economy after Maharashtra and contribute 300 billion dollar to GDP annually.

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In terms of Energy sector, he stated that TN is in comfortable situation and cannot be said that that it is a power surplus state. When the National average rebper mahyear, C sarTN daMwill ehThave is close to 12, 000 kilowatt hour close to 15, 000 Kilowatt hour and this indicates that we have to harness all potential of growth. Other proud fact in the state is the nuclear installation in Kalpakkam and Kudankulam nuclear power plant. On the renewable energy side, the State had already taken a leap. The area of concern is the financial strength of the electricity board in TN. In the chain of power sector, the weakest link of the chain determines the strength of the chain. In the chain of power and fuel sector we are losing in distribution. He suggested that we have to work on the weakness to be a power surplus State.

28 Annual Report 2020 - 2021

Mr. Sathyajit Suklabaidya Head – Energy & Natural Resource, ICRA Analytics Limited Mumbai made a detailed Presentation on Tamil Nadu’s Emergence as a Power Sector leader. Optimizing power purchase cost, reduction in Aggregate Technical and Commercial (AT&C) losses, and improving financial stability and regulatory timeliness were some of the action plans suggested for Tamil Nadu power sector to help the State become a leader in the industry. Mr. S. Venkatachalam, Chairman, Energy Committee proposed the formal vote of thanks.

MCCI

The Technical Session I was on “Understanding the TheFramework Madras Chamber Policy “and was Chaired by Mr. HL Bajaj, Chairman, Power Group, IEF and Former Chairperson CEA Mr Jogendra Behra, Head- Regulatory, Indian Energy Exchange Limited made a presentation on Electricity Act 2003- suggested amendments and its implications Mr. R. Balakrishnan, General Manager & HEAD of MEP Design - EDRC, L&T Construction made a presentation on Recent Policies and Moving towards Atmanirbhar

The Technical Session – II dealt with “Harnessing the potential of Renewable Energy in the TN” it was chaired by Mr. K.S. Popli, Former CMD, IREDA & Chairman Renewable Group IEF. The speakers for the technical session II were •

Mr. P. P. Gupta, Managing Director, Techno Electric & Engineering Company Ltd., (TEECL)

•

Mr. Sunil Jain, Chief Executive Officer, Hero Future Energies

•

Mr Amit Kumar, Partner, PWC India

•

Mr. K. Ganesan, Chief General Manager, Chief of Projects and Business Development (Solar), NLC India

Mr. Suryanarayana Rao Co Chairman, MCCI Energy Committee, summed up the proceedings and proposed the vote of thanks. More than 80 delegates including Central / State Government Officers, Industry leaders, Senior officials from PSUs, Senior officials from Renewable Energy providers and other professionals attended the meeting.

WORKSHOP ON UNION BUDGET The Flagship activity of the Chamber, the workshop on union Budget 2020-21 was organized virtually following the release of the Union Budget on 1st February 2021 by the Finance Minister, Government of India

3RD FEB 2021

https://youtu.be/hZJSiptPQug

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Mr. Srivats Ram, President MCCI welcomed the delegates and highlighted the key features of the budget.

Mr. K. Vaitheeswaran Chairman, MCCI Expert Committee on GST & Advocate and Tax Consultant made a very detailed presentation on the Budget Analysis on Indirect Taxes and GST.

1 2 02020 2 - 02 2 - 02021

Dr. Ajit Ranade, Group Executive President & Group Chief Economist, Aditya Birla Group gave the key note address. He apprised the background of our economy before the pandemic situation in terms of 4 macro indicators namely GDP growth trend, export growth trend, Investment to GDP ratio and health of banking sector in terms of NPA ratio. He informed though the economy was not flourishing before the pandemic, we had the inflow of foreign fund. Then in the current pandemic, the country had to face the demand shock, wealth shock and supplier shock. After the lock down was lifted there has been only a slight recovery in terms of demand recovery. He added that this budget was presented after a recession. Unemployment is the biggest problem which has to be addressed. He added that the primary goal of the budget is to inject the level rebmahand C sato rdaconsumer. M ehT of confidence primarily to business The 4 themes of the budget he pointed out were 1) Fiscal stimulus in terms of fiscally expansive budget 2) Privatization 3) No Fear of rating agencies 4) health care & education spending. He also highlighted about the agriculture sector and its growth during the pandemic.

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Mr. Vikram Vijayaraghavan, Co Chairman, MCCI Expert Committee on Direct Taxes & Advocate Subbaraya Aiyar Padmanabhan & Ramamani (SAPR) Advocates made a detailed presentation on Budget Analysis on Direct Tax supported by Mr. Aravind Srivatsan Chairman, MCCI Expert Committee on Direct Tax & Partner, Nangia Andersen Co. LLP Mr. Sriram Seshadri, GC Member, Partner, Price Waterhouse &Co. LLP summed up the tax provisions. Dr. M. R. Venkatesh, Designated Partner, Agastya Legal LLP, gave a brief overview of the economic impact of the budget.

MCCI

Mr. T. R. Kesavan, Vice President, MCCI, Group President (Corporate Relations & Alliances) TAFE Ltd. proposed The Madras Chamber the formal vote of thanks The Program was well attended by more than 100 delegates across industries and the feedback was positive.

Annual Report 2020 - 2021 29

SPECIAL TALK ON MADRAS - A Historical Fincity The Chamber organized a “Talk on Madras – A Historical Fincity" on 21st August 2020 (Friday). This was organized to commemorate the Madras Day and in line with the new initiative of the Chamber to make Chennai a next generation financial hub.

21st aug 2020

https://youtu.be/LE_1WZ3sUJE

Ms. K. Saraswathi, Secretary General, MCCI gave the welcome address. Mr. Srivats Ram, President MCCI made the context setting. He briefed about MCCI’s history and role and informed about the Chambers new initiative “Chennai as a Next Financial Hub”, taking a lead on making Chennai a next generation financial hub. He added that the draft fin tech policy is in process to be submitted to the Government. He introduced the speaker Mr. V. Sriram Historian

From Nawab of Arcot’s to Thomas Parry of Parry & Co and John Binny of Binny & Co. and the Arbuthnot bank (British origin) which went bankrupt in Madras in 1906 were covered in detail. Madras stock, Indian Overseas bank origin details were also highlighted. He added that after independence in 1947, several local businessmen expanded the business by purchasing British managed companies or by starting on their own. The major groups were Simpson-Amalgamations, TVS and Murgappa group.

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Mr. V. Sriram made a very detailed presentation. He talked about how some of Indian industry’s first financial concepts took root in erstwhile Madras. Chennai has had a long history of industry and commerce.

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Part of the city’s financial roots goes back to when Dubashes worked with the Dutch and Portuguese and later with the English. The most important people were Mr. Pachiyappa Mudaliar who worked with the East India Company and Mr. Ananda Ranga Pillai who worked with Dupleix, Governor of French Pondicherry.

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After the presentation, Mr. Sriram answered a few questions. Webinar was well attended by more than 80+ attendees.

MCCI

The Madras Chamber

Launch of MCCI Women Business Council (WBC) Ms. K. Saraswathi, Secretary General gave the Welcome Address

13th mar 2021

https://youtu.be/wKdPYA4A-uI

Mr. Srivats Ram, President, MCCI & Managing Director, Wheels India Ltd. gave the opening Remarks. He briefed about the various initiatives of chamber and highlighted the need for WBC. and informed that this council would contribute towards gender acceleration through learning and development and through handholding and mentoring women to break the barriers.

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Ms. Bhavani Balasubramanian, Chairperson, Women Business Council & Chief Strategist -Diversity Evaluation, AVTAR presented the Overview & Objectives of Women Business Council. and introduced the members of the council.

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Ms. Mallika Srinivasan, Chairman & Managing Director, TAFE Ltd. was the Chief Guest. She stated that in Tamil Nadu and particularly South Indian corporate have been encouraging gender diversity, which has set the tone “to make this region the benchmark in terms of a progressive environment for corporate success for women”. She added that during pandemic and prior to pandemic, we saw an outstanding example of women from all strata of society demonstrating courage and conviction in achieving their goals. Corporate today look at diversity as something that brings to the workplace competency and competitive enhancement. She urged women in corporate India to focus on goals and not boundaries to make the rebmahC saremphasized daM ehT glass ceiling as a concept, disappear. She on setting up clear goals, being confident and selfassured, having family members or partners on board, meeting the social and family commitments and being resourcefulness and leading a wholesome life.

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She felt that initiatives such as independent women directors are progressive and effective benchmarking practice. She also stressed on reskilling to keep up with the changing business environment.

She welcomed the initiative of MCCI to form Women Business Council (WBC), which comprises women who have demonstrated some outstanding professional expertise and entrepreneurial ability. Followed by the address, the Chief Guest Virtually launched the Women Business Council Logo.

MCCI

Ms K Saraswathi elaborated on the rationale of the logo of WBC.

The Madras Chamber

In the Q & A session Ms. Madhri Guruswamy ,Co-Chair, Women Business Council & Advocate, T.S. Gopalan & Co. moderated the session. Ms. Madhri Guruswamy proposed the vote of thanks. More than 150 participants took part in the virtual Launch of WBC and the feedback was positive.

Annual Report 2020 - 2021 31

sustainable chennai forum The programs organized under the banner of SCF are as follows: -

Climate Change

5th

- Disasters and Business Preparedness

jun 2020

Under the auspices of the Expert Committee on Energy and Sustainable Chennai Forum, the Chamber organized a webinar on Climate Change - Disasters and Business Preparedness on the occasion of World Environment day. Ms K Saraswathi, Secretary General MCCI rendered the welcome address and introduced the speaker Dr. Umamaheswaran Rajasekar, Chair Resilient -100-Resilient Cities, National Institute of Urban Affairs (NIUA). The webinar was moderated by Mr S Venkatachalam, Managing Director, Orient Green Power Co. Ltd. & Chairman. Energy Expert Committee, MCCI

Dr. Umamaheswaran Rajasekar,

Chair Resilient , 100-Resilient Cities, National Institute of Urban Affairs, (NIUA)

of business continuity. His presentation covered the aspects resilience, chronic stresses and acute shocks. He emphasized on planning the system and taking care of the challenges which is essential.

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Dr. Umamaheswaran Rajasekar thanked MCCI and acknowledged the association of MCCI with NIUA. He made a very elaborate presentation on the various disasters and gave live examples on preparedness

Mr S Venkatachalam moderated the Q & A session followed by the presentation. Webinar was widely appreciated and it was attended by more than 47+ participants.

Second COVID-19 Urban Thinkers Campus Series – Theme – Housing for All to create Sustainable and Inclusive Cities The Chamber, as a part of the second Urban Thinkers Campus series, organized a webinar on 13th July 2020 on “Housing for All to Create Sustainable and Inclusive Cities”.

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Like minded partnering organizations joined together to host this event. Partnering Organizations: a) National Institute of Urban Affairs, Government of India, New Delhi b) Sushant School of Planning and Development, Ansal University, Gurgaon c) US Green Building Council, Washington, D. C.

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13th jul 2020

d) European Urban Knowledge Network, The Hague

MCCI

e) Bombay Chamber of Commerce and Industry, Mumbai,

The Madras Chamber

f) Regional Studies Association, Sussex, UK. Ms. K. Saraswathi Secretary General welcomed and thanked all the eminent speakers, partners and the participants for being a part of the webinar. Mr. Ramkumar Ramamoorthy, President MCCI, gave the welcome address. He pointed out that with Tamil Nadu being one of the most urbanized States, the stress on its infrastructure has also been on the increase in the last 2 to 3 decades. With Chennai and its peripherals having

emerged as the main industrial belt, more and more people have moved into the region not only from interior parts of Tamil Nadu, but also from other States in the country. This has created a dire need to look into one of the important aspects, namely housing. The recent pandemic and the huge migrant labour component of Chennai’s labour market, has further exposed the issue of Affordable Housing challenges and that is one of the main reason this campus has attained significance in the current context. Mr. T. Shivaraman, Managing Director & CEO, Shriram EPC Ltd, Chennai, who was the founding Chairman of the Sustainable Chennai Forum of the Chamber, moderated the session. He said that the recent pandemic has made it necessary to think differently and to find out innovative solutions for many urban issues including housing. Several affordable housing schemes have been launched by Central and State governments, but have had limited success due to regulatory constraints. Prof. Dr. P. S. N. Rao, Director, School of Planning and Architecture, New Delhi gave the special address. He explained affordability of housing on the Indian context and mentioned that the concept is complex and not easy to define. He explained the system of housing supplies in India including the Govt agencies under specific schemes like BSUP, RAY, Indiramma, Manyawar Kanshiram Aawas Yojana among others and he also explained the general land acquisition methods under these systems.

Brussels Liaison Office of the city of Vienna, Austria addressed the participants presenting their case studies in Northern Ireland and EU respectively. In the Panel discussion, Mr. Prakash Challa, leading private player in the housing sector and former President of CREDAI (Confederation of Real Estate Developers Association of India), pointed out the ground level challenges in providing affordable housing to the deserving, with the increasing land cost on the one side and with the regulatory pressures on the other side. He said balancing the quality and cost factor is the toughest task for private players. He strongly felt that the Government should consider specific incentives and support to the private players like more FSI, tax concession etc., to incentivize private participation in the housing sector. Mr. Rajiv Nehru, Director – Product Development &Training, RICS School of Built Environment Noida, stated in Indian context investment in house is treated as a permanent asset. He said balancing options in all affordable schemes involving the stake holder management were crucial. Today, the buzz word is student housing, and the same been adopted in Universities in India.

T R OANNUAL P E R L AThe UN Nissue A in affordability real REPORT

were Transferable Development Rights (TDR), the policies and the optimization of the costs. He concluded that simplification of norms were essential to make affordable housing reach one and all.

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In showing global good practices, Ms. Diana Fitzsimons Town planner and development surveyor, Council Member, Ireland and Ms. Michaela Kauer, Director,

We had more than 110+Participants who took part in the conference. Feedback was positive.

http://www.youtube.com/watch?v=QwB1zEgh7QM

13th July 2020

Urban Thinkers Campus – Series #2

14.30 hrs

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Meet eminent speakers: Mr Ramkumar Ramamoorthy, President,MCCI Ms. Christine Auclair, Officer-in-Charge, Advocacy and Campaigns Unit (UN-Habitat ) Special Address : Mr.S.Krishnan, IAS Additional Chief Secretary to Government,Finance DepartmentGoTN

(CET TIME)

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MCCI

Prof.Dr.P.S.N.Rao, Director, School of Planning & Architecture, New Delhi Ms.Diana Fitzsimons, Town Planner and

Development Surveyor, Council Member, Ireland The Madras Chamber

Ms. Michaela Kauer, Director, Brussels Liasion Office, City of Vienna

Speakers in Panel Discussion Moderator : Mr.T.Shivaraman, MD & CEO, Shriram EPC Ltd.

Housing for All to Create Sustainable and Inclusive Cities

-Mr Prakash Challa, CMD, SSPDL Group - Mr.Rajiv Nehru, Director- Product Development & Training, RICS School

Partners:

#TakeAction4Cities

Annual Report 2020 - 2021 33

sustainable chennai forum

UTC CONFERENCE

MAKING CHENNAI A CLIMATE SMART CITY The Chamber organized the fourth (virtual) Conference under UTC, on the theme “Making Chennai a Climate Smart City”. The Conference spread across for 2 days on 9th and 10th November 2020 coinciding with the 9th Anniversary of Sustainable Chennai Forum.

9th & 10th NOV 2020

https://youtu.be/SjRKMX7RIgc https://youtu.be/VukN04qQ8pM; https://youtu.be/5Qju78GQpdQ

In the Inaugural Session, Mr. Srivats Ram, President MCCI gave the welcome address and briefed about the activities of the Sustainable Chennai Forum. In his address, he added that Climate change (CC) action in India is overseen by MoEF, MoES, NDMA, NIDM, Coalition of disaster-resilient infra, NIUA etc and to adopt nationally agreed-upon strategies like the smart cities mission, 100 resilient cities National Climate Missions, etc. Hence, the stakeholder consultation with speakers from the city, country and other countries were very timely and relevant to discussion on Making Chennai a Climate Smart City.

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Ms Christine Auclair, Head of Advocacy and Campaigns Unit External Relations, Strategy, Knowledge and Innovation, UN-Habitat, Nairobi, Kenya spoke on the UN Habitat initiatives. She mentioned that the Intended Nationally Determined Spoke Contributions (INDCs) and state action plans on climate change were crucial and such implementation would not only be the sole responsibility of the National Government but also the Local Government, civil society, research organizations, private sector among others.

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Mr. Hitesh Vaidya, Director, National Institute of Urban rebmspecial ahC sardaaddress. M ehT Affairs, New Delhi delivered the He said that working on the climate-smart city assessment framework 2.0 with the Ministry could potentially help to mainstream the climate action. The language spoken on climate action should be simple and common, so that it could be well understood by city-level governments where they can relate it to their day-to-day action. He further added that Just the smart cities mission with local solutions would not suffice, but scalable options involving the right citizens at every level of design and implementation would be essential

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The Madras Chamber

Mr. Raj Cherubal, CEO, Chennai Smart Cities Ltd delivered the Key Note Address. He stated that normally the Cities would possess 3% of the landmass, 60% of energy consumption, and 80-90% of carbon emissions. Hence it would be more important to make them smart. A simple idea of ‘smart’ which encompasses the environment, social, and traveling smartness would be sufficient. All services and policies provided

by the cities were needed to be climate-friendly. He further added that TN is the most urbanised state in the country and a great scope in creating examples on being climate-smart and other best practices. Projects under smart cities would be the building blocks for future action – C40 had done a benchmark and found that the emissions in Chennai were reduced by 3%. World Bank had proposals to invest in Chennai as part of the city partnership projects. Ms. K. Saraswathi, Secretary General proposed the formal vote of thanks

Day 1: - Urban Thinkers Session 1: Climate Change – Indian Urban Outlook Mr. R. RaghuttamaRao, CEO, GDC, IIT Madras moderated the Session. The topics of the session and the speakers were • Climate Smart City Assessment Framework - Dr Uma Maheshwaran Rajasekar, Chair Urban Resilience – Global Resilience Cities Network National Institute of Urban Affairs(NIUA), New Delhi • Keeping the Chennai Ecology Intact - Dr. Jayshree Vencatesan, Chairperson, Care Earth Trust

• Urban Labs (case studies) Disasters risks management: examples from the Climate Resilient and Inclusive Cities project in Indonesia Ms. Pascaline Gaborit PhD., Director, Pilot4dev, Belgium

Urban Thinkers Session 3: Building Green infrastructure Mr. T. Shivaraman, MD & CEO Shriram EPC Ltd moderated the Session The topics of the session and the speakers were Green Buildings - Mr. Rajiv Nehru, Director – Product Development & Training, RICS School of Built Environment, Noida Harnessing the Solar Power through Roof Tops Mr. Martin Scherfler, Co- Founder, Auroville Consulting, Pondicherry Sustainable Transportation System for Chennai Mr. K. P. Subramanian, Former Professor of Urban Engineering, Anna University Moving towards Green Mobility- Mr. Anirban Ghosh, Chief Sustainable Officer, Mahindra Group

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Sustainable Urban Freight – A Case Study - Dr. Gita Krishnan Ramadurai, Associate Professor, Department of Civil Engineering, IITMadras

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• Climate Proofing of Indian Cities - Mr. Emani Kumar, Deputy Secretary General, ICLEI &Executive Director, ICLEI South Asia ICLEI - Local Governments for Sustainability - South Asia • Urban Labs (case studies) - Ms. Vaishali Nandan, Head, Climate Smart Cities Project, GIZ-India

Urban Thinkers Session 2: Disasters, Risk Resilience – Lessons from Recent Disasters

Urban Thinkers Session 4: Policy and Governance Dr. Ajith Kaliyath, Professor, School of Planning and Development, Sushant University, Gurugram moderated the session The topics of the session and the speakers were

Dr Ashwin Mahalingam, Professor, Department of Civil Engineering, IITM moderated the Session

• Urban Planning is key - Mr Anand Madhavan, Director – Infrastructure and Public Finance, CRISIL Ltd.

The topics of the session and the speakers were

• Climate Change Financing - Ms. VidyaSoundarajan, Director, Ecological Footprint and Climate Finance, WWF – India, New Delhi

• Chennai saw that all - Mr. Krishna Mohan Ramachandran, Chief Resilience Officer 100 RC

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• Managing Chennai’s water resources - Mr. Saravanan Panneer Selvam General Manager – INDO Region, rebmahC sardaM ehT Grundfos • Can Circular Economy be the answer? - Mr Piyush Dhawan, Co-Founder, The Circular Collective

• Progressive Policies from U. S. Cities for becoming Climate Smart - Dr. Vatsal Bhatt, Vice President – Communities, US Green Building Council, New York, The Madras Chamber USA

MCCI

There were more than 100+ participants who took part in the conference and the feedback was positive. Participants from across the industry participated in the webinar

MAMC Introduction about MAMC The Madras Chamber Arbitration, Mediation and Conciliation Centre (MAMC) is the exclusive centre set up by the Madras Chamber of Commerce & Industry to resolve commercial disputes.

Arbitration Meeting MCCI Arbitration Medication and Conciliation Centre

23rd may 2020

The General Committee had given its approval to establish the Madras Chamber Arbitration Mediation and Conciliation Centre. The formation of Arbitration Committee and finalization of Terms of Reference (TOR) were discussed during the meeting. It was decided to send a formal invite to the identified members of the Arbitration Committee.

First Meeting of the Governing 3rd Council of the MCCI Arbitration, jun 2020 Mediation and Conciliation Centre The First meeting ofTthe RGoverning OANNUAL P E Council R L A4. Mr UN REPORT N AGopalan, Chairman, MCCI Legal Affairs Anand with Mr. Srivats Ram, Vice President as the Committee & Partner, TS Gopalan & Co.,

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Chairperson was held on June 3, 2020. The other members in the council include: -

1. Mr. T. Shivaraman, Past President, MCCI & Managing Director & CEO, Shriram EPC Ltd. 2. Mr. K. Vaitheeswaran, Advocate & Tax Consultant and MCCI General Committee Member 3. Mr. Ramesh Selvaraj, Co-Deputy Head of International Arbitration Practice, Allen and Gledhil LLP, Singapore

Virtual inauguration the MAMC ICCM

5. Mr. Anirudh Krishnan, Founding Partner, A K Law The Governing Council agreed to expand the council with more experts and few names were also deliberated upon. The terms of reference for the Governing Council were finalized and the Governing Council proposed and appointed Ms. Madhumathi. C, the current Deputy Secretary of the Chamber as the Registrar of the Arbitration Centre.

MAMC is also organising the Arbitration series every month with experts addressing on different aspects of national and international arbitration for the benefit of the members.

rebmahC sardaM ehT

MCCI

The Madras Chamber

https://youtu.be/-_px3KPyFOI

The Chamber set up an exclusive Arbitration, Mediation and Conciliation Centre with the state-of-the-art facilities. It was a virtual formal inauguration held on 25th January 2021. Mr Srivats Ram, President MCCI & Chairman MAMC gave the welcome address. He briefed about MCCI

25th jan 2021

activities and gave an overview of MCCI Arbitration Mediation and Conciliation Centre. Mr. Anand Gopalan, Chairman, MCCI Legal Affairs Committee and Governing council member gave the overview about the MAMC. He appraised about the MCCI arbitration activities. He informed an exclusive

mamc MAMC has been set up with the Governing Council to provide guidance based on the request of the members A walk through of the facilities was shown to the participants. Justice Mr Sanjay K Kaul, Judge, Supreme Court of India, virtually inaugurated the centre’s new premises. He apprised that both mediation and arbitration were excellent modes of dispute resolution. They would ease the the main legal system and provide an excellent

opportunity in a methodology to resolve disputes. Commercial disputes were best resolved in a more informal environment, he said. Justice called for sanity in the process of appointment of arbitrators and said the process should not end in a lose-lose situation. He added that the Chamber should utilise the state-ofthe-art facilities in the best possible manner. There were more than 100 participants who took part in this virtual inauguration.

Signing of MoU between Sundaram Finance and MAMC In order to formalize the arbitration services between MAMC and Sundaram Finance Ltd an MOU was signed between MAMC and Sundaram Finance Ltd. Mr Srivats Ram, Chairman MAMC Governing council and Mr. T T Srinivasaraghavan, MD, SFL signed

12th mar 2021

the MOU and had a tour of the state of the art facilities of MAMC. The Second Governing Council Meeting of the MAMC was held after the signing of MOU, wherein the Rules of Arbitration centre, Arbitrators fees were ratified and further plans to expand the scope of MAMC was discussed in detail.

T R OANNUAL PER LAUN NA REPORT Date of the Arbitration series 6th August 2020

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Mr. Tejas Karia, Partner & Head –Arbitration, Shardul Amarchand Mangaldas

Topic addressed

Role of Institutional Arbitration-recent developments to boost Institutional Arbitration in India

You tube Link https://youtu.be/ SBo4xxDEMls

3rd September 2020 Mr.Anirudh Krishnan Founding Partner, A K Law Chambers

Unilateral appointment of Arbitrators- the past, present and the future

8th October 2020

Ms. Pushya Sitaraman, Senior Advocate and Founder Trustee, FCDR,

Hybrid Dispute Resolution Mechanisms - Med-Arb, Arb-Med, and Arb-MedArb

5th November 2020

Hon’ble Mr Justice M.Sundar,Madras High rebmahC sardaM ehT Court,Chennai

Scope of Section 34 Some Enigmatic Issues and Unique Principles

7th January 2021

Mr. Anirudh Wadhwa ,Partner,Wadhwa Law Chambers

Independence and Impartiality of Arbitrators

11th February 2021

Mr.Thomas Williams, Barrister UK, Partner, Dispute Resolution and Arbitration, Sultan Al Abdulla and Partners Qatar

The Advance on Costs in Arbitration : Reimbursement of substituted payment”

https://youtu.be/ GqawmZ0jhfM

4th March 2021

Mr N.Venkataraman ,Senior Advocate, Additional Solicitor General, Supreme Court of India, New Delhi

Issues in International Arbitration

https://youtu.be/ q5AFxyBupXQ

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MCCI

The Madras Chamber

https://youtu.be/-S_ ZbGaiImg https://youtu.be/ Iy7ntHAzfcA

https://youtu.be/3R3C_ YPz3yE https://youtu.be/8fpIjFR_ xVo

Annual Report 2020 - 2021 37

MAMC Arbitration Series -A Glimpse of Topics and Speakers

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38 Annual Report 2020 - 2021

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The Madras Chamber

JOINT PROGRAMS-Together we Grow JOINT PROGRAMS HEALTHCARE With the outbreak of Covid 19, the Chamber organized many joint programs to create awareness on the Health Care Management to the members. COVID 19 Prescrip�on Move Forward 6th May 2020

Partner – Kauvery Hospital Objec�ve – To Know more about Covid 19 Resource Persons • Dr. Manoj Murhekar

Director of Na�onal Ins�tute of Epidemiology

• Dr. Vijayalakshmi Balakrishnan

Infec�ous Specialist, Kauvery Hospitals

Moderator • Mr. T. Shivaraman

Webinar on “Survival Strategies for small and Medium Hospitals” 16th May 2020

Cer�ﬁcate Course – Health Care Financial Management - 10th May 2020 / 17th May 2020 / 31st May 2020 / 28th June 2020

Partner – Bio Vedas

Partner – Medicall /Kauvery Hospital

Objec�ve – To understand their post covid prac�ces and also to share the best prac�ces being followed in the health care industry.

Objec�ve – Financial Management for Medical Professionals Resource Persons

Resource Persons

• Mr. J. Krishnan,

Partner, S. Natesa Iyer and co.

• Dr. S. Manivannan

Founder and Managing Director Kauvery Hospital

• Mr. K. Vaitheeswaran

Advocate & Tax Consultant, K.Vaitheeswaran & Co

• Mr. N.S. Viswanathan

Chief Finance Oﬃcer, MFine

• Ms. Sripriya Kumar, Partner,

SPR & Co., Chartered Accountants T R OANNUAL P ER LAUN N A Moderator REPORT

MD and CEO, Shriram EPC Limited & Past president MCCI.

• Dr. Rama Subramaniam

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Director and CEO, Valiant Technologies Pvt Ltd

• Mr. J Raghunathan

Director Alpharithm Technologies.

Seminar on Demys�fying and Enhancing Awareness on Covid-19 Vaccines - 6th Feb 2021 Partner - Water falls Ins�tute of Technology Transfer (WITT) Objec�ve - To understand the Myths and Real�es of Vaccines

Technical session Speakers • Dr. Srikant Tripathy

Director-Medical Research, Dr. D.Y. Pa�l Medical College, Hospital & Research Centre, Pune and Former Director, ICMR

Resource Persons

• Dr. Prasad Kulkarni

Opening remarks

• Dr. Ni�n Bansal, Consultant - Infec�ous Diseases,

• Dr. S. Manivannan

Execu�ve Director, Serum Ins�tute of India ICMR and Head of Covid Unit at RGCI, New Delhi

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Founder & Managing Director Kauvery Hospitals and GC Member, MCCI

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• Dr. K. S. Kardam

MCCI

Former Jt. Controller-General of Patents

The topics covered in the session included:-

The Madras Chamber

• Requirements & Standards of a Vaccine for Covid19

Keynote Address • Padma Shri Dr Sneh Bhargava

Former Director, AIIMS, New Delhi

• Roll-out of the Vaccine (with focus on the Clinical

Trials phases)

• Serological Measurements and Analysis in the

Covid19 context

• Protec�on aspects and the Indian Government

viewpoint

Annual Report 2020 - 2021 39

s, i

d19

Implica�ons of Digital Transforma�on of Audit Procedures - 11th May 2020

Session on Family Enterprise Con�nuity -7th December 2020

Partner - Sri Kanyaka Parameswari Arts and Science College for Women Department of Commerce

Partner - Deloi�e Haskins and Sells LLP

Objec�ve - Financial Management for Medical Professionals

Resource Persons

Partner - Indian Bank

• Mr K.R.Sekar Partner, Deloi�e Haskins & Sells LLP.

Resource Person

• Mr. Vijay K Dhingra Partner, Deloi�e Haskins & Sells LLP.

• Dr. K. Rama Subramaniam Director & CEO Valiant Technologies Pvt. Ltd.

• Mr. Chandraprakash Surana Partner, Deloi�e Haskins & Sells LLP. Topics covered

Webinar on Zero Error in Payroll Processing - 3rd to 7th August 2020

• Family owned businesses

Partner - CEO TSG IR & Labour Compliance Services

• Three Circle Models

Resource Persons

• Life cycle stages

Webinar on Emergency Line Of Credit during Covid-19 Pandemic 8th May 2020

Resource Persons • Mr. K. Chandra Reddy FGM, Indian Bank, Chennai

• Mr. V. Shenoy Vishwanath Execu�ve Director, Indian Bank

• Mr. V. S. Narayanan, General Manager, Corporate Credit

• Family Business Con�nuity

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Dr. R. Krishna Murthy, Director, Industrial Rela�ons Ins�tute of India, Mumbai.

• Family Governance

• Process for planning con�nuity

• Mr. K. S. Sudhakara Rao General Manager, MSME

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Ms. K.Sribhoomi Yesaswini, Advocate, Kasturi Associates,Bangalore Mr. Aditya Joshi, Advocate, Pune

• Focus areas and case studies

Cer�ﬁcate Course on Preven�on of Sexual Harassment (POSH) – between 18th May 2020 and 22nd May 2020

Mr. S. Haroon-Al-Rasheed, Advocate, T.S.Gopalan And Co., Mr. Anand Gopalan, Barrister, Partner-TS Gopalan & Co and Chairman, Legal Expert Commi�ee, MCCI Topics covered

Partner - CEO TSG IR & Labour Compliance Services Session Schedule - It was a 5 day session for 1.5 hours every day. Experts who handled the sessions

• Mr. Aditya Joshi, Advocate, Pune • Ms. Saras Bhasker, Counseling Psychologist & Coach Miscellaneous Provisions Act - 1952 • Ms. Madri Guruswamy, Advocate, T.S.Gopalan & Co, The Employee's State Insurance Act • DR.R. Krishna Murthy, Director, Industrial Rela�ons Ins�tute of India, Mumbai, 1948 • Ms Veena Gopalakrishnan, Partner, AZB & Partners, Bangalore • Dr. Rupande Padaki Founder Director, The P & P Group, The Minimum Wages Act - 1948 • Mr. T. R. Harish ,Advocate , BCP Associates, Bengaluru, The Payment of Wages Act - 1936 • Ms. Shru� Joshi Advocate, Pune, The Payment of Bonus Act - 1965 • Ms. Savitha Kesav Jagadeesan, Resident Partner, Kochhar & Co, rebmahC sa•rdMr. aMKannan, ehT CEO, Vietnam TheCompany Madras Chamber Ltd The Payment of Gratuity Act - 1972

• The Employee's Provident Funds and • • • • •

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• The Equal Remunera�on Act - 1976 • The Payment of Subsistence Allowance Act - 1981

• The Labour Welfare Fund Act - 1972 • Professional Tax Minimum HRA • General - Leave, Maternity, Beneﬁts over �me

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MCCI

Some of the topics dealt in the course includes: • • • • • • •

History & Overview of POSH Act Best Prac�ces – Step by step process of conduc�ng enquiry Skills of barefoot Counselling Mind the Gap – Psychosocial implica�ons of sexual harassment Gender sensi�za�on & Gender equality Case Studies & Case Laws -Discussion by Legal experts Prac�cal aspects & Challenges – Panel Discussion

Webinar on Labour Laws and Covid Challenges -19th and 20th June 2020 Partner - CEO TSG IR and Labour Compliance Services Private Limited. Experts who handled the sessions were: • Mr. Bharat Goyal, Advocate,Mumbai • Mr. Benny Enny P. Thomas, Advocate, Thomas & Thomas, Ernakulam • Dr. R. Krishna Murthy Director, Industrial Rela�ons Ins�tute of India, Mumbai • Mr. Anand Gopalan Barrister, Partner-TS Gopalan &Co, Knowledge partner-CEO TSG IR and Labour Compliance Services Pvt Ltd, Chennai • Mr. Aditya Joshi,Advocate, Pune • Ms. K. Sribhoomi Yesaswini,Advocate , Kasturi Associates Bangalore Topics dealt in the session include: • Reduc�on in Wages: Challenges and Prac�cality • Change in Condi�ons of Services. • Nuances Of Retrenchment • Lay Oﬀ - Covid Times • Resigna�on

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• Hire and Fire: Alien to India?

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• Panel Discussion And Q &A

A Smart Business Seminar on Emerging tools for SME Sustainability in the Post Covid World – 30th October 2020

Seminar on Drones, A Ubiquitous Reality – Applica�ons, Policies and Trends- 27th February 2021

Partner – Business Standard

Partner – Waterfalls Ins�tute of Technology Transfer (WITT)

Welcome Remarks

• Mr. S. Sarathi JMD, Mando Automo�ve India Pvt. Ltd. (Anand Group) & Chairman, MCCI Manufacturing Commi�ee

• Mr. P. V. Jaishankar, Chairman, WITT

Resource Persons

• Mr. T. E. Narasimhan Editor, Business Standard

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• Mr. K. E. Raghunathan Convenor, Consor�um of Indian Associa�on • Mr. Ajay Srinivasan Director, CRISIL Research • Mr. R. Vi�al Raj Partner Kumar & Raj, Chartered Accountants

Moderator • Mr. U. Udayabhaskar Reddy Chairman, MCCI Commi�ee on Logis�cs • Mr. Pankaj Kumar Singh, IPS Addl. Director, BSF (Eastern Command)

MCCI

• Dr. Renu Singh Chamber Parmar, IES The Madras Former Advisor, Ministry for Civil Avia�on • Prof. Sunetra Sarkar Department of Aerospace Engineering, IIT Madras • Prof. HSN Murthy Department of Aerospace Engineering, IIT Madras • Mr. N. Ramanathan Director & CEO, Dhaksha Unmanned Systems Pvt. Ltd .

Annual Report 2020 - 2021 41

OTHER MEETINGS

Alpha Arts & Science College organized Webinar on Women Empowerment The Leader In You”14th August 2020

Session on “Excel as an Analy�cal Tool” 19th November 2020

Resource Person

Mr. V. Srivatsan Director, Bio Vedas Consultancy Pvt.Ltd.

Ms. K. Saraswathi Secretary General, MCCI

Resource Person

Mr.V.Srivatsan handled the session and gave many real-�me �ps to the par�cipants.

She made a very detailed presenta�on on Women empowerment, need of women empowerment and MCCI role in empowering women and its ini�a�ves like women directors forum.

The Webinar covered the following topics: • A deep dive into Pivot table • Crea�ng meaningful charts and visuals • KPIs using Condi�onal forma�ng • Advanced Filter • Tips and Tricks

Seminar Series on Interna�onal Day for the Elimina�on of Violence against Women - 2nd December 2021

Telecast cum Discussion on Union Budget – 1st February 2021

This year’s theme for the Interna�onal Day for the Elimina�on of Violence against Women is “Orange the World: Fund, Respond, Prevent, Collect !” Tamil Nadu Government looked into the various facets of violence against women in the State to chalk out issues to be sorted out in making Tamil Nadu a violence free- women friendly State and model for others to emulate. Ms K. Sarawathi, Secretary General, MCCI made a presenta�on on POSH and its implementa�on in the corporate sector.

The budget telecast was virtual this year due to the pandemic. The members of the General Commi�ee and a few select members totaling 20 members watched the session together and shared their sugges�ons. A press release was issued and there was a wide coverage in the media.

Interac�ve mee�ng with representa�ves of Bri�sh Deputy High Commission on 2nd March 2021 at the MCCI Oﬃce Premises

Mee�ng of Consulta�ve Commi�ee of the City Chambers of Commerce (CCCCC) to discuss issues rela�ng to eCoO held on 9th March 2021 at MCCI premises

The Chamber had an interac�ve mee�ng with Mr Oliver Ballhatchet MBE, Bri�sh Deputy High Commissioner, Chennai and Mr. Niall, Cluster Manager, Space, Aerospace, Automo�ve, Advanced Engineering and the Midlands Engine at the MCCI rebmahThomas, C sardaMHead ehT oﬃce premises. Mr. Sujith Automo�ve and Advanced Manufacturing Sector (AESC), India ,Department for Interna�onal Trade, Bri�sh Deputy High Commission organized this mee�ng. Mr. Srivats Ram, President of the Chamber and Ms. K. Saraswathi, Secretary General, represented the Chamber.

The DGFT have come up with a circular regarding developing a common electronic pla�orm for NonPreferen�al Cer�ficate of Origin (CoO) and to implement the same with effect from 1st April 2021. In order to get a be�er understanding of the DGFT proposal, a physical mee�ng of the member of the The MadrasCommi�ee Chamber of the City Chambers of Consulta�ve Commerce (CCCCC) was held on Tuesday, 9th March 2021 at MCCI office premises.

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During the mee�ng, issues such as the procedures to be followed for online CoO such as online so�ware, payment gateway and revision of CoO fees for Members and Non Members were discussed. This was followed by an online mee�ng with Mr.Rahul Singh, DGFT on Payment Gateway through zoom.

OTHER MEETINGS Virtual demo and Discussion on Agency on-boarding for Non-Preferen�al CoOs held on 18th March 2021 The DGTF organized a Demo and Discussion on Agency on-boarding for Non-Preferen�al CoOs via video conferencing.

Brainstorming Session to review and revamp the syllabus on Corporate Secretary ship for Jus�ce Basheer Ahmed Sayeed College for Women 20th March 2021 through virtual pla�orm. Dr. Ravi, GC Member took part in the virtual

The Agenda discussed were • Demo of the on-boarding process.

brainstorming session and shared his exper�se and

• FAQs and integra�on kit that were emailed to all the agencies on 12th March 2021.

knowledge to revamp the syllabus on Corporate

• Q&A

Secretary Ship Course.

All the representa�ves of local Chambers assembled at MCCI premises to view the demo. The Common issues and queries were raised collec�vely during the discussion

Training Program on Income Tax Structure for a Member company – RuhRPumpen India Pvt. Ltd -19th March 2021

T R OANNUAL PER LAUN NA REPORT

The Chamber organized an exclusive training program for 2.5 hours on Income Tax Structure covering Individuals and

1 2 02020 2 - 02 2 - 02021

Corporate for 90+ employees of RuhRPumpen India Pvt Ltd, one of the esteemed members. Resource Persons - Mr. M Viswanathan, Partner, R Subramanian & CO LLP and Mr. Shivam Davey, Tax Manager, R Subramanian & CO LLP Presenta�on on Income Tax Structure covering Individuals covered the following topics:• Income Tax Slab rates for Individuals under old regime and new regime • The exemp�ons and deduc�ons available under the new regime • Some important deduc�ons for Income from Salary, House Property and Income from Capital Gains and gross total income on account of various tax-saving investments, permi�ed expenditures and dona�ons • Relevant Budget amendments applicable from FY 21-22 onwards

ICCM

Presenta�on on Corporate Taxa�on covered the following topics:-

rebmafor hCthe sardFYaM ehT AY 2022-23 • Income Tax rates for companies 2021-22 • Sec�on 115 BAA new ordinance of taxa�on for companies

MCCI

The Madras Chamber

• TDS • Deduc�ons available to companies • Important budget amendments aﬀec�ng companies • Note on E proceedings Tab • Important sec�ons applicable to companies

Annual Report 2020 - 2021 43

GOVERNMENT INTERACTIONS Sl No.

Mee�ngs / Interac�ons / programs

Context of the Mee�ng / Interac�on

Virtual Interac�on mee�ng with From Chamber members sugges�ons / Mr. Muruganandam, IAS, recommenda�ons /concerns related to Principal Secretary, Industries Department Covid Relief support was presented

Interac�on with Industries Department Mr. to update and propose the labour reforms which are essen�al for industries Post Muruganandam, IAS, Principal, Secretary Industries Department covid lock down keeping in mind the ordinance passed in other states MSME survey presenta�on by MCCI to Mr. S.Krishnan, IAS Principal Secretary, Finance Department

Mr. Muruganandam, IAS Principal Secretary, Finance Department Ms.Anu George, IAS Industries Commissioner

A�er a series of policy measures announced by the Government for the benefit of the MSMEs during covid 19, the Chamber took up a detailed survey with the objec�ve of finding the key challenges faced by the MSMEs and to understand their awareness about the various schemes announced by the Government. There was an overwhelming response from 1200 MSMEs within a short span of 4 days. With the support of Samma� Consul�ng LLP, a quick analysis was made with eight specific recommenda�ons to the Government. A detailed presenta�on was made to the Government.

Date

8th April 2020

14th May 2020

30th May 2020

T R OANNUAL PER LAUN REPORT NA

and a few other senior oﬃcers in the Industries Department.

1 2 02020 2 - 02 - 02021 2

State Development Policy Council Workshop on “Market Access – Product Orienta�on, Branding and e-Commerce.

Mr.Ramkumar Ramamoorthy, President, Madras Chamber of Commerce & Industry made a presenta�on on Impact of Covid 19 on Ini�a�ves to strengthen market for early revival of Industrial Sector

17th June 2020

Chennai as a Next Financial Hub –Mee�ng with Mr. Muruganandam, IAS, Principal Secretary, Industries Department Mr. Arun Roy IAS and Ms. Usha Kakarla IAS - MD, SIPCOT

ICCM

Discussion on Fintech Policy with

A detailed presenta�on on the concept

MCCI

Chennai as a Next Financial Hub was

TheMadras Oﬃcials from rebmahC sardaM ehT presented. The Chamber

the

Mr. S. Krishnan Addi�onal Chief Secretary, Finance

Government

were apprecia�ve of the

Dr. Neeraj Mi�al, IAS, MD & CEO, Tamil Nadu Industrial Guidance & Export Promo�on Bureau

Chamber to work on the Fintech policy.

4th August 2020 & 23rd September 2020

detailed analysis and requested the

Mr. Muruganandam IAS, Principal Secretary, Industries Department Ms.Usha Kakarla, IAS - MD, SIPCOT

44 Annual Report 2020 - 2021

Annual Report 2020 - 2021

GOVERNMENT INTERACTIONS Sl No.

Mee�ngs / Interac�ons / programs

Context of the Mee�ng / Interac�on

Date

Mee�ng with Mr. Vishnu, IAS MD, TN Skill Development and Employment and Training Corpora�on and Director of Department of Employment & Training

The Mee�ng was organised to understand the TN Government Skill development ini�a�ves and to understand the training opportuni�es in the areas of Health care, Logis�cs, Manufacturing, construc�on and primarily with regard to Fintech BFSI training.

Workshop on “Enhancing Renewable Energy and Adop�on of Clean Energy Technology with State Development policy council.

The Chamber was part of the State Development policy council workshop . Mr S. Venkatachalam, Chairman, MCCI Expert Commi�ee on Energy made presenta�on on “Shi� to Renewable Energy- Issues and Challenges”.

Mee�ng with Shri. Sunil Paliwal, IAS., Chairman cum Managing Director, Kamarajar Port Limited, Chennai

This mee�ng was arranged mainly to discuss about the 7th Trade Meet program and the protocols to be adhered during the mee�ng was discussed.

12th January 2021

Post Budget memorandum representa�on was presented to Hon’ble Finance Minister Smt. Nirmala Sitharaman

Mr Srivats Ram ,President MCCI presented Chamber’s Post Budget memorandum to Hon’ble Finance Minister Smt. Nirmala Sitharaman.

19th February 2021

Discussion on Dra� Fintech Policy with Mr. Muruganandam, IAS Principal Secretary, Industries Department

The Chamber made a detailed presenta�on on Dra� Fintech Policy and submi�ed the same to the Industries Department.

23rd February 2021

T R OANNUAL PER LAUN NA REPORT

1 2 02020 2 - 02 2 - 02021

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rebmahC sardaM ehT

26th September 2020

12th November 2020

MCCI

The Madras Chamber

Annual Report 2020 - 2021 45

expert committees

EXPERT COMMITTEES

for the year 2021-22 Name of the Committee

Chairmen

Co-Chairman

Company Law/Corporate Matters

Dr.B.Ravi Managing Partner B Ravi & Associates

Ms.B.Chandra Partner B Chandra Associates

Corporate Social Responsibility (CSR)

Ms.Rajashree Natarajan Chief Executive Officer Cognizant Foundation

Dr.Vidya Durai Director – Philanthropy & CSR BNY Mellon Technology India Pvt.Ltd.

Direct Taxes

Mr.Aravind Srivatsan Partner Nangia Andersen Co.LLP

Mr.Vikram Vijayraghavan Partner Subbaraya Aiyar Padmanabhan & Ramamani Advocates (SAPR)

Education & Skill

Mr.R.M.Kishore Vice Chairman RMK Group of Engineering Colleges

Dr. S. Ramanathan Principal Asan Memorial College of Arts & Science

Energy including Renewable Energy

Mr. S. Venkatachalam Managing Director Orient Green Power Co. Ltd.

Mr.Suriyanarayana Rao Director – Industry & Eng. Corporate Consulting Group

GST

Mr. K. Vaitheeswaran Advocate &Tax Consultant

Mr.R.Gopakumar Associate Director Cognizant Technology Solutions Pvt.Ltd.

HR & IR

Mr.S.Shyam Sundar Vice President – HR Brakes India Pvt.Ltd.

Mr. Anand Gopalan Partner TS Gopalan & Co.,

Industrial Development Infrastructure

Mr.T.Krishna VP & Head (Hydel & Tunnel Business Unit) Heavy Civil Infrastructure L&T Construction

IT/ITES

Mr.L.Ashok Managing Director rebmahC sardaM ehT Futurenet Technologies India Pvt.Ltd.

Legal Affairs

Mr. Anand Gopalan Partner TS Gopalan & Co.,

Ms.Savitha Kesav Jagadeesan Partner Kochhar & Co.,

Logistics

Mr. U. Udayabhaskar Reddy Wholetime Director Sanco Trans Ltd.

Mr.Ashwin Vijayakumar Head Supply Chain Paramount Shipping Services P Ltd.

Manufacturing

Mr.S.Sarathi Joint Managing Director Mando Automotive India Pvt.Ltd. – Anand Group

Mr.M.S.Ravikumar Head – Mfg & Supply chain Country Leader – Int. Supply Chain WABCO India Ltd.

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1 2 02020 2 - 02 - 02021 2

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46 Annual Report 2020 - 2021

MCCI

Mr.V.Srinivas -IT ThePresident Madras Chamber Chemplast Sanmar Ltd.

COMPANY LAW & CORPORATE MATTERS

Expert Committee Meetings

Company Law & Corporate Matters The Committee held 12 meetings during the year. The main deliberations of the committee through meetings and webinars were held to update the members about the latest in Company Law. The programs organized under the auspices of the expert committee on Company Law jointly with Logistics are as follows: -

Webinar on Navigating the Bankruptcy Storm Impacting Indian Exporters A Webinar on Navigating the Bankruptcy Storm impacting Indian exporters was jointly organized with Tiruppur Exporters Association (TEA) on 20th June 2020 under the auspices of Expert Committee on Logistics. Ms. K. Saraswathi, Secretary General MCCI welcomed the speakers and the participants.

20TH JUN 2020

Mr Ananth Merathia made a very detailed presentation. His presentation covered the Bankruptcy Code and procedures being followed in the countries like US, UK, France, Germany, Italy & Australia. His presentation also covered the aspects of bankruptcy rules, claim aspects, filing and the duration procedures pertaining to unsecured claim happening primarily in preferential and fraudulent transactions.

T R OANNUAL P E R L AFollowed UN NbyAthe presentation, there was a Q and A REPORT

Mr. Raja M. Shanmugam, President, TEA shared the perspective of exporters and added that the session would help the exporters to understand the procedural aspects and also would help in taking steps to safe guard themselves.

1 2 02020 2 - 02 2 - 02021

Mr. J. Krishnan, Member, MCCI General Committee introduced the Speaker, Mr. Ananth Merathia, Managing Partner, Ananth Merathia & Associates.

Session.

Mr. U.Udayabhaskar Reddy, Chairman of Logistics Committee proposed the vote of thanks. More than 39 participants attended the session and the exporters were primarily from Tiruppur and Chennai.

Webinar on Presentation & Interaction on New Dimension of AGM through Video Conferencing / Other Audio Video means (OAVM) & Salient Features of Amendment to Indian ICCM Stamp Act & Rules MCCI rebmahC sardaM ehT Ms. K. Saraswathi, Secretary General MCCI gave the welcome remarks.

Dr. B. Ravi, Chairman, MCCI Company Law Committee set the context for the webinar and introduced the speaker. Ms. K. Sreepriya Head – RTA & CS Cameo Corporate Services made a detailed presentation on the amendments to Indian Stamp Act & Rules and the new dimension of AGM through Video Conferencing.

21st jul 2020

Madras Chamber TheThe presentation on New Dimension of AGM through Video Conferencing / Other Audio Visual Means (OAVM) was followed by the Salient features of Amendment to Indian Stamp Act & Rules. The Session had a Q & A Session wherein the participants clarified their queries. Mr. V.V. Naresh, Co-Chairman, Company Committee proposed the vote of thanks

Law

More than 38 participants took part in the session and the feedback was positive.

Annual Report 2020 - 2021 47

expert committees

Discussion Meeting on FCRA & Companies Act 2020 Ms. K. Saraswathi, Secretary General, MCCI proposed the welcome address. Dr. B. Ravi, Chairman, Company Law Committee introduced the speakers and set the context for the program. Mr. Babu Sankara Subramanian, Practicing Company Secretary, V Rajalakshmi & Co, Chartered Accountant, Chennai made a detailed presentation on FCRA Amendment 2020.

20th oct 2020 Ms. B. Chandra, Practicing Company Secretary, B Chandra Associates, Chennai & Co-Chair, Company Law Committee made a detailed presentation on the highlights of the Companies Amendment Act 2020. Dr B Ravi moderated the Q&A session. Mr V. V. Naresh, Co Chairman, Company Law committee proposed the vote of thanks. The meeting was well attended by more than 53 participants.

FAQs on the Corporate Social Responsibility (CSR) Policy under the Companies Amendment Rules 2021 The Ministry of Corporate Affairs released a new order notifying the amendments in the CSR rules for companies. These rules were called the Companies Amendment Rules, 2021 under Corporate Social Responsibility Policy. In order to understand the notification and the amendments, the Chamber organized

9th feb 2021

Dr. B. Ravi, Chairman, MCCI Company Law Committee with the support of Ms. Ms. B.Chandra, Co-Chair of the Company Law Committee had compiled all possible questions and the session was held in a Q and A mode. Dr. Ravi raised the questions and Ms. Chandra answered the queries. Both of them clarified the doubts raised in the Q and A session as well.

T R OANNUAL PER LAUN REPORT NA

1 2 02020 2 - 02 - 02021 2

a Virtual “FAQs on the Corporate Social Responsibility (CSR) Policy under the Companies Amendment Rules 2021” on 9th February 2021. This was organized jointly with the CSR Committee. Ms. K Saraswathi, Secretary General, MCCI welcomed the resource persons and the participants.

Ms Rajashree Natarajan, Chairperson, CSR Committee proposed the vote of thanks. More than 90+ participants took part in the session and the feedback was positive and the mode of this session was very much appreciated.

Session on Independent Directors - Law and the Reality A Session on “Independent Directors - Law And The Reality” was held on 18th February 2021.

ICCM

rebmahC sardaM ehT

Ms. K. Saraswathi, Secretary General, MCCI gave the welcome remarks and introduced the speakers. Dr B Ravi, Chairman of the Company Law Committee set the context for the session. Dr. V. Gopalan Chartered Accountant, Gopalan & Associates made a detailed presentation covering the law and its nitty-gritties. His presentation covered aspects like provisions relating to appointment of Independent Directors, Schedule lV (Section 149(8)) code for independent directors, the Value directors

48 Annual Report 2020 - 2021

18th feb 2021

MCCI

Audit Committee requirements and Mismanagement of caseThe studies and suggestions. Madras Chamber Mr. V. Ranganathan Advisor, E & Y covered the essential requirements and the real time challenges and felt skeptical about the concept pertaining to Indian scenario. Predominant part of Indian Corporates are now being owned and managed by promoters. Indian dynamics is promoter driven and fundamentally not possible for promoters to bring in strangers to board room and it is very difficult to be completely independent. The regulatory tax in India could not be quantified and he concluded by saying that the fundamental problems

needs to be analyzed and a workable concept to be reconstructed as per the Indian context. Dr.B.Ravi, compiled a few questions and moderated the Q and A session wherein both the experts answered to the queries raised by the participants.

Ms. K. Saraswathi proposed the vote of thanks. There was more than 80+ participants who took part in the webinar and the feedback was very positive.

Company law Committee Newsletter: Apart from Meetings, Flagship programs, other awareness programs and interactions, Company Law committee is committed in publishing the newsletter for the benefit of the members to make them aware of the changes happening in SEBI, MCA and RBI. First Newsletter of the Company Law was rolled out on 5th January 2021 and it gets published on or before 5th of every month thereafter.

Direct Tax

The Committee met once during the year. The Committee had submitted its pre-budget memorandum to the Government.

T R OANNUAL PER LAUN NA REPORT

july 2020

A Webinar on “A recap of Direct Tax changes” was organized on 17th July 2020.

1 2 02020 2 - 02 2 - 02021

Mr. Srivats Ram, President In-charge of the Chamber welcomed the speaker and participants.

Mr. Sriram Seshadri, Partner Price Waterhouse &Co. LLP and Chairman Direct Tax Expert Committee for the period 2019-2020 gave the opening remarks and set the tone for the webinar. He added that many relaxations and changes were made during the last year and this session was curated and organized to understand the changes. Mr. B S Nagaraj, Director -Tax, Price Waterhouse & Co. LLP made a very detailed presentation covering key developments happening in direct taxes in the last 9-12 months including overview of new tax rates for corporates, amendments in dividend tax, Vivad se vishwas, covid 19 relaxation measures.

ICCM

rebmahC sardaM ehT

Mr. S Ramakrishnan, Principal Commissioner of Income-tax, Chennai made a detailed presentation on practical insights into E Assessment scheme. Followed by the presentations, there was a Q and A session to clarify the queries. Mr. Vikram Vijayaraghavan Advocate Subbaraya Aiyar Padmanabhan & Ramamani (SAPR) Advocates and Co Chairman, Direct Tax Expert Committee summed up the session. He stated that various changes had been brought out in terms of e assessment and suggested data mining could be used in auditing and performance analysis. He concluded that the economy need to be stimulated which would be the major concerning factor right now. He proposed a formal vote of thanks.

MCCI

More than 50 participants took part in the session and the feedback was positive.

The Madras Chamber

Annual Report 2020 - 2021 49

DIRECT TAX

Webinar on A recap of Direct Tax changes

17th

expert committees

education

Education and Skill

The Following Programs and Joint Programs were organized under the aegis of the Expert committee on Education and Skill.

Webinar on Covid 19 – Challenges and Opportunities for Academia The Pandemic Covid 19 has significantly impacted the higher education sector wherein there were a paradigm shift in education sector with virtual classrooms and on line learning transforming the centuries–old, chalk talk teaching model. To understand the present scenario, a webinar on Covid -19 Challenges and Opportunities for Academia was organized on 29th May, 2020. Ms. K. Saraswathi Secretary General, MCCI gave the welcome address.

29th MAY 2021

continuum as it would be important for survival and growth. He elaborated on the acronym CLIMB and cited examples of best practices for necessary implementation. C - Continuous learning. L - Learn agility I - Interdisciplinary M - Modularization B - Blended borderless with online education and technology

T R OANNUAL PER LAUN REPORT NA

Mr. R.M. Kishore, Chairman, MCCI Education & Skill Committee & Vice Chairman, RMK Group of Engineering Colleges gave the introductory address and introduced Mr. Ramkumar Ramamoorthy President, MCCI & Chairman & Managing Director, India Cognizant Technology Solutions India Pvt. Ltd.

Followed by his address, the Q and A session was moderated by Ms Vandhana Sundaram, Associate Director, Cognizant, Member of Education and Skill committee.

1 2 02020 2 - 02 - 02021 2

Mr Ramkumar Ramamoorthy President, MCCI & Chairman & Managing Director, India Cognizant Technology Solutions India Pvt. Ltd. addressed the above topic. He informed that Covid 19 is unprecedented Pandemic and wanted us to rethink and reimagine the learning

Ms K Saraswathi proposed the vote of thanks There were more than 150+ delegates present including the Principals of various Engineering Colleges and faculties from technical Institutions.

MCCI and ASAN Memorial College of Arts & Science jointly organized Stress ICCM a Webinar onMCCI The Madras Chamber Management rebmahC sardaM ehT Ms. K. Saraswathi, Secretary General, MCCI welcomed the participants. Dr. S. Ramanathan, Principal of Asan College and Co Chairman of MCCI Educational and Skill Expert Committee introduced the resource person. Ms. Saras Bhasker, Counseling Psychologist & Coach made a detailed presentation

4th JUN 2020

addressing students’ issues, especially during the pandemic. The topics covered were general and specific causes of stress in students because of pandemic, students laundry list and bio psychosocial models. Dr. M. Jaya, Associate Professor, ASAN Memorial College moderated the Q&A session. More than 145+ participants took part in the webinar and feedback was good.

MCCI and Justice Basheer Ahmed Sayeed College for Women jointly organized a Webinar on Managing Stress during Lockdown Ms. K. Saraswathi, Secretary General, MCCI welcomed the participants. Ms. Shereen, Professor Justice Basheer Ahmed Sayeed College for Women anchored the webinar. Ms. Karpagam Professor Justice Basheer Ahmed Sayeed College for Women introduced the resource person. Ms Saras Bhasker, Counseling Psychologist & Coach made a very detailed presentation on work

4th JUN 2020

life balance specially made for the professors. She covered about stress, roles that can precipitate stress, work life variable, relationship management and ten commandments to manage stress. After the session the Q&A the session was moderated by Ms. Shereen More than 68+ participants took part in the webinar and feedback was positive.

Webinar on Preparedness of Companies and Universities to embrace remote hiring of 2021 batch university graduates

13th JUN 2020

T R OANNUAL P E R L A• UMr.N N A Founder, Examly, addressed on Senthilkumar, REPORT

Chamber organized a webinar on Preparedness of Companies and Universities to embrace remote hiring of 2021 batch university graduates on 13th June 2020

Technology Tools for Remote Hiring - From Remotely proctored tests to AI based Video Interviews.

1 2 02020 2 - 02 2 - 02021

Ms K Saraswathi, Secretary General gave the welcome remarks. Mr. R.M. Kishore Chairman of Education Committee gave the opening remarks.

• Mr. Rajeev Menon, Director HR, Cognizant Technology Solution addressed on Opportunities & Challenges in University Graduate Hiring Post COVID 19. • Dr.Samuel Rajkumar, Director - PAT, VIT University, addressed on VIT’s Experience in Facilitating Remote Hiring Process and Securing 100+ offers amid Lockdown.

• Mr. Madhu Raghunath Group Head – Human Resources and Organizational Capability and the Chief Operating Officer, TVS & Sons, Chennai addressed on Innovative Hiring Solutions to identify the best fit from campuses. Ms Vandhana Sundaram from Cognizant Technologies and a member of education committee moderated the Q&A session. More than 225+ participants attended the webinar. The feed back was positive.

ICCM http://www.youtube.com/watch?v=NIlQJmWw3WE MCCI

mahC sardaM ehT Webinar on Covidreb19 The Madras Chamber – Challenges and Opportunities for Academia for Arts and Science

11th

JUL 2020

Ms. K. Saraswathi Secretary General, MCCI gave the welcome address.

of Arts & Science introduced Mr. Ramkumar to the participants.

Dr. S. Ramanathan, Co Chairman, MCCI Education & Skill Committee & Principal Asan Memorial College

Mr. Ramkumar Ramamoorthy, President, MCCI & Chairman & Managing Director, India Cognizant

expert committees Technology Solutions India Pvt. Ltd. addressed on the above topic. His session covered the industry perspective in terms of what is happening in market place (macro environment), need for education institutions across disciplines of study and how to capitalize the new opportunity. He emphasized the need for collaborative effort, blended learning models and the integration using technology. He stated that the opportunities are in the inter disciplinary thinking /innovation.

The Q&A session was moderated by Dr. M. Jaya Associate Professor & Head Department of Commerce, Asan Memorial College of Arts & Science and a member of MCCI Educational Committee. Dr. D.Uthira, Vice Principal, MOP Vaishnav College for Women and member of MCCI Educational Committee proposed the vote of thanks. We had more than 143 participants who attended the webinar the feedback was excellent.

5th

National Education Policy 2020 - Learn, Unlearn and Relearn” In order to understand the key changes and the impact of NEP, the Chamber organized a Panel discussion on “National Education Policy 2020 - Learn, Unlearn and Relearn” on the occasion of Teachers’ day.

SEP 2020

https://youtu.be/a0I2NLgotdg

T R OANNUAL PER LAUN REPORT NA

Mr. Srivats Ram, President MCCI & Managing Director, Wheels India Ltd. proposed the welcome address.

and Sciences stream. He highlighted the significant changes in the policy in terms of admission, credit banks and other policy reforms. He further informed that the system failed to focus on technology and institution autonomy and research.

1 2 02020 2 - 02 - 02021 2

Mr. R.M.Kishore, Vice Chairman, RMK Group of Engineering Colleges & Chairman of the Education and Skill Committee MCCI set the context for the webinar by addressing briefly about the NEP 2020. Mr. Ramkumar Ramamoorthy, Past President MCCI introduced the panelists and moderated the session

Mr Ramkumar Ramamoorthy informed that NEP 2020 is a vision document which provides a sense of direction, as to how education has to be looked upon by the stakeholders, especially students and faculty. Dr. J. Ajeeth Prasath Jain, Managing Partner, Dr. APJ Educational Consultancy, Former senior Principal, Bhavan’s Rajaji Vidyashram, Chennai addressed the changes and drawbacks in the primary education.

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Dr. M.R.Srinivasan, Professor rebmand ahC sHead ardaM e(Retd), hT Department of Statistics, University of Madras addressed about the impact of NEP 2020 on the Arts

Mr. G.V.Selvam, Vice President, VIT, addressed the impact of NEP on the engineering stream. He highlighted about audit accreditation and setting up of higher education body. He insisted on the system addressing on faculty, teacher availability and the training which would be the key in NEP Mr. P.Kaniappan, Managing Director, WABCO India Ltd. addressed NEP on Industrial perspective. Demand of skilled labours and internship models were addressed in his presentation.

MCCI

Followed by the panel discussion a structured Q&A session was moderated by Mr. Ramkumar Ramamoorthy. He suggested to submit the The Madras Chamber implementation issueson NEP 2020 to the Governmen. More than 160 participants from various schools and colleges attended the session.

ENERGY

Energy Including Renewable Energy The Committee met once in a quarter during the year.

Small Group discussion on National Electrical Code of India (NEC) A small group virtual discussion was organized on 5th December 2020 wherein Mr. Stephen Michael, MD, SM Engineers addressed the gathering. In order to understand the NEC, a focus group discussion was held.

5th DEC 2020

The deliberations of the meeting were consolidated and the recommendations were submitted by Chamber. The discussions were on the following: 1. Broad overview of the draft NEC 2. How is it a step forward over the existing one? 3. Does it address the concerns of key stakeholders? Especially the consumer from a safety point of view? 4. What it does not address?

5. What should be incorporated as a part of our recommendation? TR OANNUAL P Efrom R Expert L ACommittee UN NonAEnergy participated in the discussion. 14 members REPORT

1 2 0 2 0 2 0 2 2020 2021 Webinar on Ideas to improve TANGEDCO’s

14th

Financial Situation - Subsidies, Profitability, Improvement Levers and New Tariff Design The Madras Chamber of Commerce, Auroville Consulting and WRI India jointly organized a webinar on Ideas to improve TANGEDCO’s Financial Situation - Subsidies, Profitability, Improvement Levers and New Tariff Design held on 14 December, 2020

ICCM

The webinar was hosted to discuss the ideas to improve the financial health of the Tamil Nadu Generation and Distribution Corporation (TANGEDCO). rebmahC saThe rdaMwebinar ehT covered the significant scope to improve TANGEDCO’s revenue realization by moving to a more rationalized tariff structure with increased accountability of supply and service quality, to explore flexible power procurement planning, the measures that needs to be taken towards dynamic tariff design, and to ensure improvements in revenue recovery for TANGEDCO.

DEC 2020

Featured Speakers of the webinar were 1. Mr. S Sankara Narayanan, General Manager, Tamil Nadu Energy Development Agency (TEDA) 2. Ms. Ann Josey, Fellow, Prayas (Energy Group) 3. Mr. S Venkatachalam, Chairman, Energy Expert Commerce, MCCI.

MCCI

4. Mr. Martin Scherfler, Consulting The Madras Chamber

Co-founder,

Auroville

5. Ms. Harsha Meenawat, Senior Research Specialist, Energy Program, WRI India 6. Ms. Sandhya Sundararagavan, Lead, Energy Transitions, WRI India moderated the Panel discussion. 7. Ms. K Saraswathi, Secretary General, MCCI. There was more than 90+ participants who took part in the webinar and the feedback was positive.

gst

expert committees

gst Under the aegis of the GST Committee, many interactive sessions, outreach programs and joint programs were held to update the members about the latest in GST. The Committee submitted its pre-budget memorandum to the Government.

Session on Exports and Refunds in GST – Challenges and Solutions The Chamber organized a “Session on Exports and Refunds in GST – Challenges and Solutions”. Under GST, exporters are entitled for benefit by way of refund or rebate. Exporters all across the country were experiencing difficulties in availing Input Tax Credit (ITC) refunds. In order to the understand the challenges and also to provide a solution, this session was organized.

16th oct 2020

Ms. K. Sarawathi, Secretary General, MCCI welcomed the speaker and participants. Mr. K. Vaitheeswaran, Advocate & Tax Consultant and Chairman, MCCI GST Committee made a very detailed presentation covering the challenges and solutions. Followed by the presentation we had the Q&A Session. 41 participants attended the session.

Session on T R OANNUAL PER LAUN REPORT NA E-Invoicing – Procedures and Impact

1 2 02020 2 - 02 - 02021 2

22nd dec 2020

The Chamber jointly with NACIN organized the Session on E-invoicing to update the members on new notifications, procedures and impacts.

Mr. Venugopalan Nair made an introductory presentation covering the concepts of E invoicing and its nuances.

Ms. K.Saraswathi, Secretary General gave the welcome address.

Mr. R. Srivatsan made a very detailed presentation covering the notification, need for e invoicing, changes adopted, process and salient features.

Mr K.Vaitheeswaran, Chairman, GST Committee set the tone for the session and introduced the speakers for the session Mr. Venugopalan Nair, Asst. Director, Training, NACIN and Mr. R.Srivatsan Additional Asst. Director NACIN.

Mr. R.Gopakumar, Co Chairman of the GST Committee proposed the formal vote of thanks. More than 80+ participants took part in the webinar and the feedback was positive.

ICCM MCCI Session on rebmahC sardaM ehT The Madras Chamber E-Invoicing – Procedures and Impact The Chamber jointly with Hosur Industrial Association organized the Session on “E-invoicing under GST - Procedures and Impact” on 30th December 2020 for the members of the Hosur Association. This was a repeat program for the benefit of the members of the Hosur association.

30th dec 2020

Mr S. Sankaranarayanan, Deputy Secretary, MCCI gave the welcome address and introduced the speakers for the session Mr. Venugopalan Nair, Asst. Director, Training, NACIN and Mr. R.Srivatsan Additional Asst. Director NACIN. Mr. Venugopalan Nair gave the overview and nuances of the E-invoicing under GST - Procedures and Impact.

He covered the global perspective and Indian context of invoicing.

Mr. Arulanandan, Secretary, Hosur Industries Association proposed the formal vote of thanks

Mr. R. Srivatsan made a very detailed presentation covering the notification, the need for e invoicing, changes adopted, process and salient features. He made an in-depth presentation covering all aspects of e- invoicing.

There were more than 37 participants who took part in the webinar and the feedback was positive.

Session on “CBIC’s Quarterly Return filing and Monthly Payment of Taxes (QRMP) Scheme” The Chamber jointly with Directorate of Taxpayer Services organised the Session on “CBIC’s Quarterly Return filing and Monthly Payment of Taxes (QRMP) Scheme”. It was an outreach session organised to understand the recent changes happening in GST tax filing. Ms. K.Saraswathi, Secretary General gave the welcome address. Mr. K.Vaitheeswaran Chairman, GST Committee set the context for the session. He stated that the idea of QRMP is brilliant and a lot of thought process has been done within and outside the government to change and to liberalize the GST system.

11th jan 2021

and Monthly Payment of Taxes scheme nuances and introduced the speakers,Mr. S.V. Murugan Mourugaram, Joint Commissioner, Puducherry GST Commissionerate and Mr. R. Srivatsan, Additional Assistant Director, NACIN. Mr. R. Srivatsan made a detailed presentation on the QRMP scheme. In the Q & A session, the queries of the participants were jointly clarified by Mr R. Srivatsan & Mr. S.V.Murugan Mourugaram.

T R OANNUAL P E R L AMr. UN A Co Chairman, R. N Gopakumar, REPORT

GST Committee proposed the vote of thanks. There were more than 47 participants who took part in the webinar and the feedback was positive.

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Mr. P.Ram Mohan, Joint Director, DGTPS, Chennai Zonal Unit gave the overview of Quarterly Return filing

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Annual Report 2020 - 2021 55

hr & ir

HR&IR Under the aegis of the HR&IR Committee, many programs, interactive meetings and certificate courses were organized are as follows.

9th-11th apr 2020

Certificate Course on Futuristic HR The Certificate Course on Futuristic HR was organized from 8th February 2020. Due to the pandemic, the pending sessions were completed through virtual platform for the benefit of the participants. Mr. Ramakrishnan Director & Managing Partner, Krishna’s Management Advisory & Services handled the session on 9th and 10th April 2020. Talent Management and Retention Management were the main topics. On 11th April, the forenoon session on “Cultural Aspects of the Organization” was handled by Ms. Jayanthi Anilkumar, Head HR - SC GBS Chennai & Head HR Retail Banking, Standard Chartered Global Business Services Private Limited. She covered the global

perspective and related new changes in laws, majority and minor group conflicts, how cultural dynamics played a pivotal role in organizational decision making with real time examples. Post Lunch session was handled by Mr. Krishnan Ravishankar, Harrison Assessments. He covered the topics related to EQ / EI. The Participants underwent an EQ test and the individual scores were rated. Participants found it very useful to know their individual EQ levels. The HR course was well received and the participants have requested the Chamber to conduct a short term course on the same subject. The Certificate course was attended by 9 participants.

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Session on Action & Learning – HR Perspective during Lockdown Period The session on “Action & Learning –HR Perspective during Lockdown Period” was organized. The objective of the program was to understand how organizations were coping up during the lock down period and how they were managing and engaging their staffs during the work from home.

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Ms. K. Saraswathi, Secretary General of the Chamber welcomed the panelists and therparticipants ebmahC sardaand M estated hT that work from home has become the new normal and extended her special thanks to HR committee for organizing the session. Prof. N. Sridhar, Chairman of MCCI Expert committee on HR & IR gave an overview of the session. Mr. R. Venkatanarayanan, Group Head HR, Rane gave an overall perspective about how the organizations should function during the pandemic and what support could be provided by the HR of an organization.

13th apr 2020

Mr. Prashanth Srivatsava Founder & CEO, The Other 2 Thirds Consulting LLP elaborated on how the employees were engaged during the pandemic with statistics. Mr. Dinesh Kumar Kamalasekaran, Senior ManagerEmployee Relations, Infosys Ltd touched upon the importance of IT during this period and explained about how his organization implemented the work from home options for their employees.

MCCI

Mr. A.R. Subramaniam, Co-founder Cum ED, 3 Point The Capital Madras PChamber Human Ltd, in his address covered the aspects of staffing in the Industries and how the supply chain got affected due to the shortage of manpower. Mr. S. Shyam Sundar, Vice President HR, Brakes India Pvt Ltd. addressed on how his organization had completed a survey to understand the employee mindset and shared the outcome of the survey. The session was followed by a Q and A wherein the queries relating to WFH and pay cuts were answered. More than 100 participants took part in the session and gave a positive feedback.

Interactive Session with Mr. S V Krishna Kumar, Regional Director, ESI Corporation & Mr Pranit Joshi, PF Commissioner, Chennai An interaction with the authorities of ESI and PF was organized jointly with EFSI, with the objective to clarify the queries of the employers regarding payment of ESI, whether the ESI funds could be diverted for wage payment and to understand the initiatives taken under PF during the lockdown period. Ms. K. Saraswathi, Secretary General, MCCI welcomed the speakers and the participants. Prof N Sridhar chairman of HR &IR Expert committee gave the introductory address and introduced the delegates to the webinar session. Mr. Srinageswar, Simpson Group thanked MCCI and ESFI for arranging interactive sessions with ESI Corporation and PF Commissioners and stated that this would be the the need of hour in wake of the lockdown. He applauded ESI Corporation for its initiatives and their involvement in Covid related works.

28th apr 2020

ESI Corporation and shared the help line support details of ESI. He assured that the ESI Corporation would make all the paymets for its insured persons (IP) and and the measures would be taken to ensure their continuity. The coverage of ESIC would also be done accordingly. All Districts of Tamil Nadu will be fully covered for availing the benefits. He also added that they are expecting a few initiatives from the Government in the near future for the benefit of employers. In the following Session, Mr. Pranit Joshi, Regional Commissioner, Provident Fund, Chennai made a very detailed presentation about PMGKY 2020 (Pradhan Mantri Garib Kalyan Yojana )scheme, PF Initiatives, objectives and those who could be covered under this scheme.eligible to be covered. In the Q and A session moderated by Mr. Anand Gopalan, Co Chair, HR & IR Committee, participants posted many questions related to PF and ESI. Many questions were addressed and the participants were requested to send their queries to the Chamber to be consolidated and sent to the ESI and PF for clarifications.

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Mr. K. Manickam of ESFI thanked PF commissioner and ESI Corporation for readily accepting and joining the interactive session.

Mr. S V Krishna Kumar, Regional Director, ESI Corporation briefed about the various initiatives of the

We had 200+ participants across industries who took part in the session and the interactive session was well applauded. More than 100 questions were raised to both ESI and PF commissioner.

Webinar Lock down Wages and the Supreme Court decision Way Forward The Chamber organized a virtual webinar on Lock down Wages and the Supreme Court decision Way Forward on 19th June 2020.

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Ms. K. Saraswathi Secretary General welcomed the speakers and participants. Prof. N. Sridhar Chairman of the HR&IR Committee introduced the speakers to the participants. Dr. R. Krishna Murthy, Director, Industrial Relations Institute of India made a detailed presentation covering various acts like National Disaster Management Act, 2005, Overriding Effect Clause, Legal Challenge to Lockdown and Supreme Court Orders and Post Covid-19 resumption.

19th jun 2020

Mr. S. N. Murthy, Senior Advocate, Bengaluru shared his candid thoughts and informed good industrial relations could repair the losses. Laws for contract labours and migrant labours need to be revamped and this would The Madras Chamber be the right opportunity for legal reforms.

MCCI

Mr. Michael Dias, Senior Advocate, New Delhi shared his thoughts on contractual terms. He stated that Covid 19 is totally a new scenario where both employer and employee need to have a clear communication addressing the employee grievances and paving way for transparent discussions. Mr. Srinageshwar, Group Vice President Industrial Relations, Simpson Group of Companies covered

expert committees the Industrial perspective. The Lockdown and the uncertainty had created concerns for both HR /IR professionals. Supreme court order had opened up to more litigation. Trust & understanding between both the parties during this pandemic situation and enabling government order will help.

Dr. R. Krishna Murthy, Director- Industrial Relations Institute of India moderated the Q&A session. We had more than 44 Participants who the attended the webinar and gave a positive feedback.

1st-26th

MCCI Certificate Course on Industrial Relations The Chamber organized a Certificate Course on Industrial Relations. This Certificate course benefitted the participants by equipping them with required understanding of labour laws and facilitated them to have a better understanding of matters pertaining to management of industrial Relations. The unique feature of this course was the mock sessions and role plays on important topics which provided a practical insight into handling IR in the organization. Senior Level Corporate Executives, IR Professionals, Senior Lawyers and other experts from all over India handled the different sessions. We had 3 sessions per week (Tuesday, Friday and Saturday) starting from 1st September to 26th September 2020.

sep 2020 • Conciliation & Settlements • Sharing Experts Key learning’s and implementation • Panel Discussions- Experience sharing from IR Professionals Experts who handled the sessions were: 1. Mr. P.Ganapathy, Vice President-Personnel, Brakes India Ltd. 2. Mr. R.Jayaprakash, Advocate 3. Mr. M.Sankaranarayanan, Addl.Commissioner of Labour, (Retd.) GoTN

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4. Mr. S.Ravindran, Advocate

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Prof. N. Sridhar, Chairman, MCCI HR & IR Committee proposed the welcome address on the Inaugural day.

Mr. Shyam Sundar, Member, HR & IR Committee briefed and highlighted about the course and its diversified mix of speakers. Mr. Sridhar Ganesh, MD & CEO, Adrenalin e Systems was the Chief Guest. He shared his real time IR experience to the participants and informed that understanding the different perspectives of the management, union and workmen are essential to be an HR Expert. Some of the topic dealt in the course includes: • Trade Union & Recognition of Trade Union • Law Relating to Wages

ICCM Contract Labour & Inter State Migrant Workmen Act

• Standing Orders Act & Drafting various letters •

• Industrial Disputes Act

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5. Dr.R.Krishnamurthy, Director, Industrial Relations Institute of India, Mumbai 6. Mr. Anand Gopalan,Partner, TS Gopalan & Co., & Chairman, MCCI Legal Affairs Committee 7. Mr. K. Victor, GM-HR,TVS Supply Chains 8. Mr. K.S.Pasupathi, Consultant, HH Associates 9. Mr. Sankar Dayanidhi, HR Consultant 10. Mr. C. Sreetharan, CEO TSG LR And Labour Compliance Services Private Limited 11. Mr. Muthu Velappan, Sr.VP – HR, Sakthi Group 12. Mr. Amaladoss Mariasusai, Director – HR, Tempel Precision Metal Products

MCCI

13. Mr. J.Dominic, Labour & Legal Counsel, and Ex-Ford India

The Johnson Madras Chamber 14. Mr. Andrews, Trinity HR Solutions

• Session on Domestic Enquiry

15. Mr. M Ramakrishnan,Director & Managing Partner, Krishna’s Management Advisory & Services

• Mock Session on Domestic Enquiry

16. Mr. Aravamudhan, HR Consultant

• IR Session – Best Practices • Discussion on Assignment on Drafting Disciplinary

17. Mr. Srinageshwar, Group President, HR,Simpson & Co., Ltd.

• Tips for Wage Negotiation

18. Mr. Akbar Khan, HR Consultant

• Mock Session on Wage Negotiation

19. Mr. Mohan Muthu, GM-Personnel, Brakes India Pvt. Ltd.

20. Mr. V.P. Ponnusamy, GM HR, Renault Nissan Automative India Pvt Ltd 21. Ms. Kalaivani, Former Addl.Commissioner, Labour Dept. GoTN 22. Mr. K.N.Betraaj, TVS Rubber Factory 23. Mr. A.Sivaraman, HR Consultant 24. Mr. Naresh Kumar Pinisetti, Deepak Fertilizers & Petro Chemicals 25. Mr. Pramod Mahatme, Wipro Limited 26. Ms.Uma Rao, VP & Head-HR, Ashok Leyland Ltd.

27. Mr. R.Venkatanarayanan, President-HR, Rane Group 28. Mr. Suresh Pugalendhi, Head-HR – India Operations, Wipro Infrastructure Ltd. 29. Mr. Sridhar Rajagopalan, Regional Director- Labour & Employee Relations- Asia Pacific, Caterpillar India Pvt. Ltd. The Course was attended by 112 participants and participants were from across Industries in India. L & T, our member company extended its support by nominating 58 persons from different branches across India. The feedback was positive and there were requests to conduct these courses on a regular basis with the necessary updates.

Session on Labour Codes, Decoded for Directors, Entrepreneurs and Professionals The Chamber jointly with CEO TSG IR & Labour Compliance Services Private Limited organized a 2 hour Session on Labour Codes, decoded for Directors, Entrepreneurs and Professionals on 28th October, 2020.

28th oct 2020

Mr. Anand Gopalan, Barrister, Partner-TS Gopalan & Co.,and Co Chairman of HR & IR Committee of the Chamber & Mr. Aditya Joshi, Advocate, Pune addressed the session on how the codes impact businesses.

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We had 13 participants from the members of the Chamber, who took part in the Session.

Discussion on Draft Rules published by the Ministry of Labour & Employment on Industrial Relations Rules 2020

18th dec 2020

Mr. Anand Gopalan, Co-Chair of the Committee led the discussion on Industrial Relations Rules 2020. He highlighted the changes and explained the provisions in detail for the benefit of the members. 26 participants attended the interactive meeting.

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MCCI Presentation on rebmahC sardaM ehT The Madras Chamber “Occupational Health Safety and Working Conditions Code (Rules) 2020” Mr. Anand Gopalan, Co-Chair of the Committee led the discussion on OSH and Working condition rules 2020. He highlighted the changes and explained the provisions in detail for the benefit of the members. He informed

20th JAN 2021

the members that the State Government would come up with its rules with more clarity for necessary implementation. A few queries which were raised were clarified by him. 38 participants took part in this interactive meeting.

expert committees

Panel discussion on “Psychological impact of working from home” The Chamber under the auspices of HR&IR Expert Committee organized a virtual Panel discussion on “Psychological impact of working from home” on Saturday, 27th March, 2021 The following speakers addressed the session: •

Mr Alex Mathew,

•

Ms.Uma Rao,

•

Mr. Shashikanth Jayaraman,

Mr Alex Mathew, Vice President and Head of HR (Max and Easybuy), Land Mark Group addressed on the impact of Work from home in large organizations. He highlighted about the 4 important factors that’s brings in satisfaction in WFH namely the individual, the Job, the organizational culture /Manager and home environment. He further informed WFH has both positive and negative impact and shared few tips to HR’s to do to reduce the emotional stress in the organizations.

27th MAR 2021

She informed changing the system was difficult initially, but IT team made it possible. SOPs were set in place and change was bigger than expected. Employees were trained and hybrid model of working was implemented. She emphasized on being equitable and few measures followed were policy strengthening and gender diversity inclusion and it was more positive than negative. Mr. Shashikanth Jayaraman, Vice President - Human Resources, MulticoreWare Inc., addressed on the psychological issues faced by employees in IT organization. He shared few examples about how appraisal, career conversation are being done virtually and highlighted the real challenge is keeping employee engagement in the WFH option. Finally, he informed that the width of the activities has increased, but the depth of work have to be analyzed. In the Q & A session Mr Shyam Sundar Chairman, HR&IR Expert committee moderated the session.

T R OANNUAL P E R L AMs. UN REPORT NA K.Saraswathi, Secretary General proposed the vote

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Ms.Uma Rao, Head HR - M&HCV, Ashok Leyland Ltd. shared the real time experience of how Ashok Leyland a manufacturing company could make the WFH possible.

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of thanks.

More than 28 participants attended the panel discussion and the feedback was positive

MCCI

The Madras Chamber

IT/ITES

Under the aegis of the IT/ITes Committee following programs were organized.

Webinar on Covid 19 Inspired Lessons for Secure Work-From Home Ms. K. Saraswathi, Secretary General MCCI welcomed the speakers and the participants. Mr. L. Ashok, chairman of IT/ITES expert committee gave an overview of the program and introduced the speakers. Mr. Praveen Sasidharan, Partner – Cyber Risk Services,Deloitte Touche Tohmatsu India LLP made a presentation on Working from Home – Impact of Technology session. He addressed on the challenges from WFH-last mail connectivity, cost of technology, laws and regulations, Cyber risk, unsecured network, Security system, anti-virus during remote network and the do’s and don’ts of WFH. Ms. Shobana P. Ravi, IT, Innovation and Learning Officer, TAFE addressed on Working from Home – The

29th APR 2020

new normal – use cases session. She elaborated on the various measures adopted by TAFE to ensure continuity of business during the pandemic. She informed that huge measures were taken to create a better atmosphere for those working from home. The Panel discussion was on the topic “Ask me Anything” Dr. Ramasubramanian Co Chairman of the IT Committee and MD, Valiant Technologies Pvt Ltd. moderated the session. Panelists were Mr. L.Ashok, MD, Futurenet Technologies Pvt Ltd,Mr. R. Vittal Raj,Partner, Kumar & Raj Chartered and Mr. Praveen Sasidharan. They answered various queries pertaining to IT and its usage during the new normal. More than 190 participants across industry took part in this session.

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https://youtu.be/NNWaIRb14ic

1 2 0 2 0 2 0 2 2020 2021 FFT on work from Home - Forever or Never

The Chamber organized the FFT on work from Home - Forever or Never on 31st October 2020. Mr. Srivats Ram, President MCCI proposed the welcome address and set the tone for the FFT. Prof. Sridhar Narayanan, Adjunct Professor – Finance, Director - Corporate Relations, Great Lakes Institute of Management &Chairman HR&IR Expert Committee introduced the speakers. On the work from home forever, Mr. Subhash Panicker, Vice President & Head – HR, Newgen Knowledge Works, Chennai addressed on perspectives of company, employee, family, society and economy. He stated with examples how work from home will be forever.

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mahC sSite ardaMHead ehT & Ms. Gangapriya Chakraverti, rebIndia Managing Director, Ford Business Solutions addressed on safety, Cost and Health perspective and elaborated on the advantages of working from home, Changing perspectives in terms of organization, work, and technology. On the never work from home aspect, Ms. Aparna Viswanathan Founder and Managing Director, ZOCIO addressed on 2 perspectives, namely Social enterprise and Education. She covered the unorganized sector

31ST OCT 2020

issues and stated that communication is shrinking due to work from home and in the long run will not have a good effect on the lives of the individuals. Dr. C. Jayakumar, Vice President and Head Corporate Human Resource, Larsen & Toubro Limited informed in L&T, they have the majority of staff working at site and pandemic has forced them to think differently. He informed that digitalization, Technological enhancement, agility and flexibility are the key drivers. He stated that organizations have to revisit their policies and adapt to changing demands

MCCI

The Madras Chamber

In the Q & A session Dr. K. Rama Subramaniam, Director & CEO, Valiant Technologies Pvt.Ltd. & Co Chairman IT/ ITES Expert Committee moderated the session and the queries of the participants were clarified by panelists. Mr. L. Ashok, Managing Director, Futurenet Technologies India Pvt.Ltd. & Chairman IT/ITES Expert Committee proposed the vote of thanks. 66 participants took part in the webinar and the feedback was positive.

Annual Report 2020 - 2021 61

IT/ITES

http://www.youtube.com/watch?v=00OvQ75XIK4

expert committees

LEGAL

Under the aegis of the Legal Committee, the below programs and interactive sessions were organized to update the members about the latest changes on the legal aspects.

16th-27th apr 2020

The session was handled by eminent speakers on various dimensions of Force Majeure and Covid 19.

Mr. G. V. Anand Bhushan, Partner, Shardul Amarchand Mangaldas made a PPT presentation on Commercial Contracts and explained as to how we can claim force majeure in this regard. What were the new developments during pandemic situation invoking force majeure was also explained.

Mr. K.Vaitheeswaran, Advocate & Tax Consultant & Chairman, MCCI GST Expert Committee made a detailed presentation on “The Doctrine of Impossibility”.

Mr. P.Jayaprakash, Partner, Fox & Mandal elaborated on the dimensions of the clauses of force majeure in real estate & Commercial Leasing sector.

Mr. Eshwar Sabapathy, Managing Partner Eshwars House of Corporate & IPR Laws made a presentation on “Law of Force Majeure: A bird’s eye view of the Law” with case laws.

Ms. Anjuli Sivaramakrishnan, Senior Partner, Kochhar & Co., Dubai explained as to what extent can covid 19 be treated as a force majeure event in the banking and financial sector and also the contractual obligation to invoke force majeure covering RBI regulations with the do’s and don’ts.

The Chamber organized a webinar on Force Majeure & Covid 19 – An Impact Analysis.

A sectorwise analysis of challenges and application of Force Majeure was explained in the panel discussion. Ms. Savitha Kesav Jagadeesan, Senior Resident Partner, Kochhar & Co., Chennai moderated the session.

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30 questions from 100+ participants which were handled by the panelists

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Mr. Anirudh Krishnan, Partner, AK Law Chambers elaborated on the clause in infrastructure and construction sector and explained as to how we could make use of force majeure clause.

As the Program on 16th April was a grand success the Chamber hosted a repeat session on 27th April 2020 with the same speakers as requested by the members.

Webinar on Discussion on “India as on Arbitration Hub” A Session on “India as an Arbitration Hub” was held on 23rd April 2020. The Chamber being one of the first few organizations to provide Arbitration services for the members has revamped and set up an exclusive Arbitration,

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rebmaThis hC sasession rdaM ehTwas Mediation and Conciliation Centre. organized to give an insight about the Arbitration overseas and how India is moving towards becoming an Arbitration Hub, thus increasing the scope of the Arbitration centre. Ms. K Saraswathi, Secretary General of the Chamber welcomed the speakers and participants. Mr. Anand Gopalan, Chairman of Legal Expert Committee set the tone for the discussion. He introduced the speakers for the discussions.

62 Annual Report 2020 - 2021

23rd apr 2020

Mr. Thomas Williams Partner Dispute Resolution; Arbitration Sultan Al-Abdulla & Partners, Qatar covered the England Standard of Jurisdiction.

MCCI

Mr. Ramesh Selvaraj, Co Deputy Head of International Arbitration Practice Allen and Gledhill LLP, Singapore The Madras Chamber addressed about the Singapore International Arbitration Hub. Mr. Anirudh Krishnan, Managing Partner, AK Law Chambers broadly covered about India as an emerging Hub for Arbitration. The Q and A Session was moderated by Mr. Anand Gopalan More than 70 participants including lawyers, students and business professionals took part in the session.

legal

Webinar on Force Majeure & Covid 19 – An Impact Analysis

Session on legal issues and business solutions in wake of lockdown and its aftermath

24th apr 2020

During the Pandemic Covid 19 and the lockdown there was an urgent need to understand the labour issues, payment of wages from the Legal and HR perspective, and hence a Session on Legal issues and Business Solutions in wake of lockdown and its aftermath in two parts where in legal experts addressed during the forenoon session and HR fraternity addressed the post lunch session.

Ms. K. Saraswathi, Secretary General proposed the vote of thanks.

Ms. K. Saraswathi Secretary General welcomed the speakers and the participants.

Dr C Jayakumar, Vice President and Head, Corporate Human Resource L& T Ltd. covered on how his organization framed a structure for the staff members to work during the pandemic and the elaborate plans made to operate post lockdown

Mr. Anand Gopalan, Co Chairman of HR & IR committee introduced the speakers. First Session: Legal Perspective Mr Bharat Goyal, Advocate, Mumbai explained the legislations relating to the disaster management, the various circulars from MHA and what are applicable to labour force.

Post lunch session: HR perspective in wake of lockdown and its aftermath Ms. K. Saraswathi Secretary General welcomed the speakers and the participants. Prof. N. Sridhar,Chairman of HR /IR expert committee introduced the speakers.

Mr Ronald Canute Sequeira, Entrepreneur-inResidence Samara Capital addressed on how people can capitalize on some of the opportunities available during the pandemic. He added that supply chain will be a big opportunity and the leaders have to plan for the future. He suggested that the employees were to be informed about the organization plan and future initiatives.

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Mr. Michael Dias, Advocate, New Delhi stated that laws should be adhered to in spite of huge disruptions due to Pandemic. He added that the organizations need to expand its applicability in these critical situations, as it calls for more of a humane approach to deal with sensitivity issues of employees. Mr Aditya Joshi, Advocate, Pune covered the salient features of Central Government Notifications as to how the workers should be treated either as permanent, contract or NEEM trainees and apprentices. He also covered the consequences of nonpayment to workers. After the presentations, there was a Q and A session and the issues related to wages, lay off, pandemic law, leave, allowances, compensation package were covered extensively.

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Mr Adika Ratna Sekhar, Director [HR & CA], Balmer Lawrie & Co. Ltd., explained about how their service and manufacturing business were set in place during the lockdown and stressed on the importance of safety measures to be adopted for the welfare of the employees. There was a Q and A session and the issues related to salaries, training, appraisal, downsizing and future norms of HR were discussed. More than 180 + participants took part in both the sessions. HR professionals, Legal professionals, business professionals, students and consultants actively participated in this session.

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Annual Report 2020 - 2021 63

expert committees

Discussion on Labour Codes 2020 The three labour codes were passed by the Parliament in the month of September 2020. In order to bring awareness about the codes, to understand and to know the impact of these bills on Industries, employers and employees, a discussion meeting was organized from 5th October to 7th October 2020 Mr Srivats Ram, President MCCI & Managing Director, Wheels India Ltd. proposed the welcome address. He briefed about the role of the chamber and the importance of the labour codes and highlighted the importance given by his organization in occupational safety, health and working conditions of his employees as safety is the priorirty. Topics dealt in the discussion includes:1. Occupational Safety, health and Working conditions Code 2020

5th-7th oct 2020

Experts who handled the sessions were: 1. Dr.Krishnamurthy, Director, Institute of India, Mumbai

Industrial

Relations

2. Ms. Uma Rao, VP & Head-HR, M&HCV, Ashok Leyland Ltd. 3. Mr. R. Kalyan, General Manager HR, Ashok Leyland Ltd 4. Mr. Michael Dias, Senior Advocate,New Delhi 5. Mr. Naresh Kumar Pinisetti – Group President, Corporate Governance, Deepak Fertilizers and Petrochemicals Corporation ltd. 6. Mr. S N Murthy, Senior Advocate Bangalore 7. Mr. Suresh Pugalenthi Head HR, India Operations, Wipro Infrastructure Engineering Mr. Anand Gopalan, Chairman, Legal Affairs committee and Co-Chair, HR & IR Committee moderated the sessions.

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2. The Industrial Relations Code

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The Course was attended by more than 140 participants and the feedback was positive.

3. The Social Security Code 2020

Session on “Estate Planning” The Chamber jointly with Deloitte Haskins & Sells LLP organized the Virtual Session on “Estate Planning”. We had the Session on Family Enterprise Continuity on 7th December 2020 and this was the second part of the earlier Series.

6th jan 20201

Ms K.Saraswathi, Secretary General gave the welcome address. Ms. Savitha Kesav Jagadeesan, Co Chair, MCCI Legal Affairs Committee introduced the speakers for the session. Mr Vijay K. Dhingra, Partner, Deloitte Haskins & Sells LLP, Mr. Chandraprakash, Partner, Deloitte Haskins & Sells LLP handled the session.

made a detailed presentation ICCM They MCCIon Estate Planning. Session also covered on the topics like Transmission of assets under a will, trust

rebmahC sardaM T The Madrasoverview Chamberof estate duty legislation and asehmode of transmission, applicable laws among others.

There were more than 33 participants who took part in the webinar and the feedback

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logistics

logistics Under the aegis of the Logistics Committee, the below programs and interactive sessions were organized to update the members about the latest changes in Exim, Logistics, Ports & International Trade.

Interactive Session to know the Updates about EXIM trade The Chamber organized an interactive session to know the Updates about EXIM Trade on 7th April 2020. Mr. U. Udayabaskar Reddy, Chairman of the Committee welcomed the participants to the interactive session and he anchored the session. Mr. J. Krishnan, GC Member summarized the 10 action points and the developments that happened after the lock down.

7th APR 2020

Mr. S. Padmanabhan, Mr. Ishwar Achant, Mr K. Vaitheeswaran and Mr. Raghu Sankar, ICSA actively contributed by answering queries of the participants. Mr. Krishnan listed out the challenges in terms of lack of public transport, lack of drivers, Interstate blocks, norms for social distancing and hygiene lacking clarity, non-availability of masks, and huge surge in air freight among others. The session was attended by more than 70 participants and the feedback was positive.

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http://www.youtube.com/watch?v=AXomJAVDZ8g

Interactive Session 1 2on 02020 2 - 02 02021 2 “Ease of Doing Business – Customs Digital Initiatives & Current Measures by Ms Sudha Koka, IRS, Commissioner of Customs IV, Chennai Ms. K. Saraswathi Secretary General welcomed the speakers and the participants. Mr. P. Kanniappan, GC member, of the Chamber and Managing Director, WABCO India Ltd., was the Chief Guest. He expressed appreciation for the various initiatives of the Customs and also elaborated on a few concerns to be addressed for the benefit of the rebmahC sardaM ehT Industries during his key address.

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Mr. S. Padmanabhan, GC member, MCCI and Managing Director, Sattva Hitech & Conware Pvt. Ltd. introduced Ms. Sudha Koka, IRS, Commissioner of Customs IV. Ms. Sudha Koka, Commissioner of Customs IV, Chennai introduced her team to the participants.

2nd may 2020

Ms. Sudha Koka stated that Chennai customs is providing quick and efficient services and they are exploring all digital platforms to ease out better ways of service. The important measures taken during Covid 19 were elaborated in detail. Ms Sudha Koka, informed representations received from the Chamber would be considered for necessary implementation.

MCCI

The Madras Chamber

Mr. J. Krishnan, GC member, MCCI and Partner, S Natesa Iyer & Co moderated the Q & A session. Most of the queries were answered and the details of the relevant officers were shared by the team for taking up further concerns, if any. More than 110 participants took part in the interactive session and the feedback was positive.

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expert committees

MCCI Certificate course on EXIM Trade A flagship certificate course on EXIM Trade was organised in two modules wherein the basics of EXIM trade was covered in the first module and the advanced concepts in the second module. The first module was scheduled from 15th 19th June 2020 and the advanced module from 22nd 26th june 2020. The objective of the course was to get the participants familiar on basics and advanced concepts of EXIM which would help them in their employment. Mr. U. Udayabhaskar Reddy, Chairman,the Logistics Committee. Welcome the participants and get the context. Mr. Ashwin Vijayakumar, Co-chairman of Logistics Committee introduced the Chief Guest, Mr. Varun Singh, Dy Director, Office of the DGFT, Chennai.

15th-19th

22nd-26th

jun 2020

• Foreign Trade Policy /Export Incentives • Customs –Overview important provisions, Export / Import flow chart • Trasport Documents and Contracts of carriage • Discussion and summing up Advanced Course of EXIM Trade: Topics dealt in the session include • Faceless customs /participating government agencies (PGA)/Recent initiatives for faceless transactions. • export Banking operations /LC/Sight draft, forward cover/packing credit • Customs Valuation & Classification Principles & Duty Calculation • Insurance :Insurable interest /Averages /Survey/

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Mr. Varun Singh made a brief introduction about the role of DGFT. He shared various schemes related to duty free exports, import incentives, MES service imports and duty credit offered to promote exports / imports. He emphazied that post pandemic demands would increase and getting intergrated with the global value chain is essential

• Case studies and Summing Up

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Ms. K.Saraswathi, Secretary General, MCCI introduced the faculty, Mr. J. Krishnan, Partner, S.Natesa Iyer and Co & GC Member, MCCI who handled the basic module session. Basic course of EXIM Trade:

Experts who handled the advanced module sessions were • Mr. K.R Sridhar, DGM- International Branch, Indian Bank • Mr. K. Arivalagan, Senior Commercial Manager, United India Insurance Co. • Mr J Krishnan,Partner, S.Natesa Iyer and Co and GC Member, MCCI

• Basic Concepts of Exim Trade

Mr U Udayabhaskar Reddy, Chairman, Logistics Committee thanked the resource persons in the valedictory session.

• Introduction to shipping terms and Modes of Trasporation /commerical documentation (Invoice / packing list, certificate of orgin)

We had 40 participants in the basic course and 36 participants for advanced module. The feedback was positive.

Topics dealt in the session include

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The Madras Chamber

Webinar on Presentation & Interactive Session on “Paperless Exports under Turant Customs” The Chamber in association with ACAAI and NACIN organized a webinar on Presentation & Interactive Session on “Paperless Exports under Turant Customs” on Wednesday, 15th July 2020.

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Ms. K. Saraswathi, Secretary General, MCCI gave a brief introduction about the Chamber and welcomed the speakers and the participants. Mr. J. Krishnan, Partner S.Natesa Iyer & Co., & General Committee Member, MCCI, briefed about the importance

of this program and applauded the new initiatives by the customs for ensuring the ease of doing business and informed that the session would help the participants to understand the various measures taken by Customs. Mr. Udayabhaskar Reddy, Whole time Director, Sanco Trans Ltd. and Chairman, MCCI Logistics Committee introduced the Chief Guest. The Chief Guest Mr. Navneet Goel IRS, Principal Additional Director General, NACIN, ZTI, Chennai informed that best measures were taken to promote trade and ease of doing business. He requested the participants to share their new ideas for necessary implementation and also to highlight any difficulties or issues being faced.

Mr. Venugopal Nair IRS Assistant Director –Training NACIN, Chennai, made a very detailed presentation on faceless, paperless, contactless customs. The transformation process of paper to paperless, contact less process was explained. Followed by his presentation there was a Q&A session moderated by Ms.Chaitaly Metha, Director at EKF GLOBAL Logistics Pvt Ltd and member. ACAAI Mumbai Mr. Ashwin Vijayakumar Head Supply Chain, Paramount Shipping Services Pvt ltd and Co Chairman of MCCI Logistics Committee proposed the vote of thanks. There were more than 160+ participants across locations who participated in the webinar.

https://youtube.com/Ns1PM42cA18

Webinar on “EXIM Trade in New Normal” The Chamber organized a webinar on EXIM Trade in New Normal. The objective of the webinar was primarily to understand the changes that had happened and identify different strategies to ensure growth of EXIM Trade.

24th jul 2020

presentation on Infrastructure Developments related to Port & Terminals which was appreciated by the participants.

Nagarajan, Senior Vice President T R OANNUAL P E R L AMr U Krishna N N AKumarShipping REPORT at Mediterranean Company (MSC), Chennai

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Mr. Srivats Ram, President In-charge of the Chamber welcomed the Chief Guest, Shri. Pawan Kumar Agarwal IAS, Special Secretary – Logistics, Department of Commerce, Ministry of Commerce & Industry, GOI, other speakers and the participants.

Shri. Pawan Kumar Agarwal IAS, in his special address stated that rather than focusing on numbers, inefficiencies in the system should be addressed. He said that a standardized manual for all the ports could not be prepared as there are variations in operations of ports across the country. He stated that there would be a third party audit of the handbooks to ensure its implementation. Systematic reforms in EXIM trade and port performance would be done.

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Mr. J. Krishnan Partner S.Natesa Iyer& Co.,& MCCI GC Member introduced the Speakers and moderated the session. rebmahC sardaM ehT Ms T. Nalina Sofia, IRS, Joint Director, NACIN, Chennai, made a detailed presentation on Special Initiatives by customs during Covid 19. The presentation covered the aspects like dedicated single window COVID-19 helpdesk for EXIM trade, Customs duty exemption, Turant Customs, Faceless Assessment – Phase I, Facility of SB005 error correction in the Customs EDI system. Mr. Ishwar Achanta Managing Director, Portman India Pvt Ltd & MCCI GC Member made a detailed

made a presentation on “Challenges in Indian Sea Borne Trade Post Covid (Containerized & Break bulk

Mr. Mohanasundaram, General Manager, Traffic & Customs, Hyundai Motor India Ltd made an address on Trade Expectations in new normal. He shared the Hyundai Motor India Ltd case study of how they cope up with the changes in terms of digitalization, exports, safety and in trade. The panel discussion was moderated by Mr. Udayabhaskar Reddy Chairman, Logistics Committee, MCCI. Mr. Dushyant Mulani, Vice President KhimjiPoonja Freight Forwarders. Pvt Ltd, Mumbai and Vice President of BCBA addressed on required evolution and discussed about how trade got transformed in new normal and the digital measures in trade.

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Mr. K. Vamsidhar, DGM- Commercial Branch, State The Chamber Bank of Madras India, Chennai addressed on the changing roles of Banking operations. He covered the SBI Bank new schemes and packages in new normal for business community. He also agreed to share the details of the new policies of bankers to all EXIM Traders. Mr. K.Vaitheeswaran, Advocate & Tax Consultant & MCCI GC Member addressed on emerging legal issues in EXIM Trade, after math of covid and the legal implications, the gearing up pace of digitalization and digital risk and how to cope up with the new challenges.

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expert committees Mr. K.Kannan, Head- Underwriting, Marine Liability & Head of Global Business Royal Sundaram Alliance Insurance Co. Ltd addressed on Insurance and Protection in Covid era. He explained on how insurance industry is adapting to new normal and the various measures provided in insurance industry to EXIM trade. Mr. Alok Kumar, Branch Manager, Export Credit Guarantee Corporation of India Limited, Chennai

addressed on Risk mitigation and Guarantee Schemes for Imports & Exports. The Q&A was moderated by Mr. Udayabhaskar Reddy. We had 140+ participants from a mixed group of traders, brokers, exporters, associations and business fraternity. The feedback was positive.

https://www.youtube.com/watch?v=SMKiDagac9c

Webinar on Lebanon Port Blast – A Wake Up Call The Chamber organized a webinar on “Lebanon Port Blast – A Wake up Call “on 17th August 2020. The objective was to understand the safety measures being adopted at flights/ Ports and to know about the International practices after the explosion at Beirut. Mr. Srivats Ram,Vice President MCCI & Managing Director, Wheels India welcomed the speakers and the participants.

17th AUG 2020

has to be taken for the imports and exports of dangerous goods following the necessary regulations. He further added that Beirut needs to be considered as a wake-up call and its necessary to learn. from the catastrophes so that it would not happen again in future. It shouldn’t be a different chemical tomorrow, he added. He shared about the general norms and practices. Mr. Ennarasu Karunesan, Founder & CEO, UMK Group

on hazardous / dangerous goods being T R OANNUAL P E R L Aaddressed UN REPORT NA handled in ports. He cornered that the Stakeholders

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Mr. J. Krishnan, Member, MCCI General Committee & Partner S Natesa Iyer & Co set the objective for the program and introduced the Panel Moderator, Mr. B.Govindarajan, Chief Operating Officer, Tirwin Management Services (P) Ltd. Mr. Govindarajan introduced the other panelists to the webinar.

Mr. Geoff Leach, Director, The Dangerous Goods Office Ltd., UK, addressed on dangerous/ hazardous goods being handled in flight cargo area and he shared the International practices and procedures including the carriage of regulation 2003 and storage philosophy. Mr. K H K. Rangan, Director Ranga Safety and Marine Consultant, Independent Consultant, DuPont, Sustainable Solutions, Singapore said that proper care

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responsibilities operating inside the port facility. He also covered on IMO standards of handling hazardous goods.

Mr. Praveen Pathak, Chief Technical Officer – Commercial Royal Sundaram General Insurance Co. addressed on the insurance perspective. He covered as to how the risks were being assessed and the charges for risk mitigation demurrages Mr Govindarajan, the panel moderator posted many questions related to port, sea and flight regulations, other dangerous good handling measures, etc. Mr Udayabhasakara Reddy, Chairman of Logistics Expert Committee proposed the formal vote of thanks. The Webinar was attended by more than 169 + participants.

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rebmahC sardaM ehThttps://youtu.be/YTZhmTVaJOY The Madras Chamber

Discussion on “Manufacture and other Operations in Warehouse” (MOOW) MCCI jointly with NACIN & Federation of Freight Forwarders Association in India organized a discussion meeting to deliberate and to understand the MOOW (Manufacture and Other Operations in Warehouse) scheme.

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Mr. Srivats Ram, President MCCI in his welcome address informed that many changes were being implemented by the Government of India to boost the International trade and one such notification was MOOW which is related to simplification of bonded manufacturing. He

added that this would be a part of Atma Nirbhar Bharat Abhiyan to make the country self-reliant in all spheres from manufacturing to supplying. It would help the country to reduce its dependence on imports and may also give a boost to exports. Mr. A.V.Vijayakumar, Chairman, FFFAI introduced the Guest Speaker Mr. Navneet Goel IRS, Principal Additional Director General, NACIN, ZTI, Chennai Mr. Navneet Goel, IRS, Principal Additional Director General, NACIN, ZTI, Chennai, in his address stated that during the post covid period, many digital measures were implemented for ease of doing the business. MOOW would be a value addition scheme through simple change with which the supply chain presence could be increased.

Mr. Ashwin Vijayakumar, Co-chairman, Logistics Committee introduced the speaker Mr. Venugopalan Nair, IRS Assistant Director of NACIN (National Academy of Customs, Indirect Taxes and Narcotics) Mr. Venugopalan Nair, IRS, made a detailed presentation on ease of bonded manufacturing, its advantages and single point of approval. Q&A was moderated by Mr Udayabhaskar Reddy, Wholetime Director, Sanco Trans Ltd., Chairman, Logistics Committee. Program was well attended by more than 77+ participants. Participants were importers, exporters and other manufacturing members.

13th

Session on INCOTERMS 2020 The Chamber organized a Seminar on Incoterms 2020. The objective was to acquaint the participants with the new Inco Terms 2020 and to update their knowledge about the latest changes.

oct 2020 General Committee member and gave an overview about the importance of the subject Incoterms.

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Ms.K.Saraswathi, Secretary General, MCCI gave the welcome address. Mr. Udayabhaskara Reddy, Chairman, Logistics Committee introduced the resource person, Mr. J.Krishnan, Partner, S. Natesa Iyer and Co. and

General Committee member of the Chamber with more than 3 decades of experience in the logistics sector dealt with the subject in detail and made an elaborate presentation to the 94 Participants who were from the Industries looking after the import/ export logistics and a few shipping agencies The overall feedback was positive.

Interactive Session on Customs Administration of Rules of Origin under Trade Agreements Rules 2020 - (CAROTAR 2020)

17th oct 2020

The Chamber organized the Interactive Session on Carotar Rules & Guidelines on 17th October 2020.

Mr. Venugopalan Nair made a very detailed presentation on the administration of rules of origin under trade Agreements Rules, 2020.

Mr. Udayabhaskar Reddy, Wholetime rebmahCDirector, sardaM eSanco hT Trans Ltd. and Chairman MCCI Logistics Committee welcomed the participants and introduced the Speaker Mr. Venugopalan Nair IRS,Asst Director National Academy of Indirect Taxes and Narcotics (NACIN),Chennai. He informed CAROTAR 2020 was one of the major changes in customs, He added that the interactive session would be useful to understand the rules and and to get the queries clarified from the experts.

Followed by the presentation, we had a panel discussion The Madras Chamber moderated by Mr Udayabhaskar Reddy.

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Mr. R.Srinivasa Naik IRS, Commissioner of CustomsImport, Chennai Customs informed that the introduction of Faceless Assessment and CAROTAR were the two major changes introduced to ensure ease of doing business. Mr. K.Vaitheeswaran, Advocate & Tax Consultant and MCCI GC Member informed that CAROTAR 2020 got implemented because of FTA being misused. He

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expert committees suggested that systematic and balancing action would help the businesses in a big way. Mr. J Krishnan, Partner, S.Natesa Iyer & Co., informed that the rapid changes in trade recommends for learning and unlearning. He suggested to the custom imports to appoint a nodal officer and to organize frequent meetings for making the process simpler for the businesses.

Mr Udayabhaskar Reddy moderated the Q&A session. Mr. Ashwin Vijayakumar, Head- Supply Chain, Paramount Shipping Services P ltd. &Co-Chairman MCCI Logistics Committee proposed the vote of thanks. 42 participants including importers and exporters attended the session and the feedback was positive.

Workshop on Incoterms 2020 to Academy of Maritime Education and Training (AMET University) The Chamber organized the workshop on “Inco terms 2020” to students of Academy of Maritime Education and Training (AMET University) for the students of MBA and BBA Stream in 2 batches.

7th jan 2021

The objective of the session was to acquaint the students with the Incoterms 2020 and to update the latest changes. Mr. J. Krishnan, Partner, S. Natesa Iyer and Co. dealt with the subject in detail. The program was well attended by more than 50 students in each batch and the feedback was positive.

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2 - 02 - 02021 2 7th Trade Meet 1 2 02020 - MCCI & Kamarajar Port Ltd. The Madras Chamber, jointly with Kamarajar Port, organized the 7th Trade Meet on 5th February 2021 at Hotel Raintree, Anna Salai. The objective of the trade meet was to facilitate interaction between the port authorities, regulators and the port users including the EXIM businesses. This provided a platform to understand the facilities and services offered by the Kamarajar Port and also to convey to the officials the needs and expectations from the trade, with the ultimate aim of enhancing EXIM trade. This was the first physical meeting after rebmahC sardaM ehT the pandemic.

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Mr. Srivats Ram President, MCCI gave the welcome address. He highlighted about the Kamarajar port activities and the measures taken by DGFT during pandemic. He also informed about chamber activities related to logistics. Mr. Sunil Paliwal IAS, Chairman & MD, Kamarajar Port gave the special address. He informed that the Kamarajar port at Ennore in North Chennai has the potential to be an eastern gateway of the country and

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the port is significantly improving the infrastructure, including roads. Ms Initha, Jt. Director General of Foreign Trade(DGFT),Chennai gave the Inaugural Address and stated that the port and logistics sector were cleary recognized by the GOI in the march of 5 trillion economy. In her elaborate address, she shared that the important milestone is the digitalization measures being taken at DGTF to create a one stop login for all customer and trade where all schemes are brought into one unified IT umbrella.

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The Madras Chamber

Followed by Ms. Initha’s address Mr. A. Karuppiah, Chief Manager (Traffic), Kamarajar Port Ltd. made a detailed presentation about the facilities in KPL. In the Technical Session on Salient Features – Post Pandemic Facilitation Measures – The Way Forward the following made presentations. Mr. Jai Kurana,CEO Adani Ennore Container Terminal and Mr R.Rajkumar,Associate General Manager – Business Development, Adani Kattupalli Port Pvt. Ltd

& Adani Ennore Container Terminal Pvt Ltd made a detailed presentation on Container Terminal

After the presentation, there was an interactive open house session.

Mr. Devki Nandan, Sr. VP & Head- BD & M& A, JSW Infrastructure made a presentation on Break Bulk – Project Cargo

Mr. U. Udayabhaskar Reddy, Chairman, MCCI Logistics Committee, proposed the vote of thanks. There was more than 80+ participants who took part in the Trade Meet and the feedback was positive.

Session on Incoterms 2020 to M/s RuhRPumpen India Pvt.Ltd. The Chamber organized an exclusive session for one of the esteemed members, Rhurpumpem India Pvt.Ltd. at their request.

11th feb 2021

Mr. J. Krishnan, Partner, S. Natesa Iyer and Co. made a detailed presentation on Incoterms 2020. More than 25 employees of the company took part in the interactive session and the feedback was positive.

Session on Export & UNNA T RPackaging OANNUAL PER LA REPORT Shipping Documentation 1 2 02020 2 -Pvt.Ltd. 02 2 to M/s RuhRPumpen India - 02021

12th feb 2021

The Chamber organized the second Training session on Export Packaging & Shipping Documentation for RuhRPumpen India Pvt.Ltd.

on Export packaging and Mr. J. Krishnan, Partner, S. Natesa Iyer and Co. handled the session on Shipping Documentation.

Mr. G.B. Reddy, Retired Joint Director, Indian Institute of Packaging handled the session

More than 20 participants attended the session and the feedback was good.

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Under the aegis of the manufacturing committee the Chamber embarked a detailed survey with the objective of finding the key challenges faced by the MSMEs and to understand their awareness about the various schemes announced by the Government. There was an overwhelming response from 1200 MSMEs within a short span of 4 days, with the support of the General Committee members in the manufacturing sector. The Chamber’s presentation on the findings and the recommendations were greatly appreciated by the State Government officials. The Programs organized under the auspices of the manufacturing committee were as follows:

Webinar on SOPs for starting back your manufacturing The webinar on SOPs for starting back your manufacturing was held on 12th June 2020 to share the best practices being followed in manufacturing units. Ms. K. Saraswathi, Secretary General MCCI welcomed the participants.

12th jun 2020

Precautionary measures followed in Mando Automotive India Pvt. Ltd. Mr. S. Subhash, Country Safety Head, Wabco India Ltd and Mr. M.S Ravikumar, Head Manufacturing & Supply Chain, Wabco India Ltd., made an elaborate presentation related to shop floor.

presentation T R OANNUAL P E R L AThe UN REPORT N A was followed by Q&A session. The Webinar was well attended by more than

Mr. S. Sarathi, Joint Managing Director Mando Automotive India Pvt. Ltd made a detailed presentation on the actions taken towards Covid 19 Prevention &

1 2 02020 2 - 02 - 02021 2 140+participants.

Webinar on Financial Stimulus for MSMEs in the Covid Times The Chamber completed a survey with MSMEs wherein the key challenges faced by them during the Covid 19 pandemic and their views and suggestions on the present support schemes were analyzed and suitable recommendations and workable suggestions were submitted to the State Government for their consideration and necessary action.

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With this background, the Chamber organized the Webinar on “The Financial Stimulus for MSMEs in the rebmahC sardaM ehT Covid times to enable the MSMEs to become aware of the different financial measures announced by the Government. Ms. K. Sarawathi, Secretary General welcomed the resource persons and the participants.

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Mr. S. Sarathi, Chairman of the Manufacturing committee set the tone for the session. Mr. G Viswanathan, Chartered Accountant made a detailed presentation covering the various aspects such as the definition of MSMEs, contribution to the economy, MSME challenges, financial relief package and representations to be made by the Industry.

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Mr, B.N.V.Parthasarathi, Ex- Senior Banker, Financial and Management Consultant shared his thoughts on the The banker’s perspective Madras Chamber and clarified the queries in the schemes. Ms. K. Saraswathi moderated the session. There was more than 85+ SMEs across industries and the SME’s who had participated in SME Survey also took part in the webinar. The feedback for the session was positive.

manufacturing

Webinar on Design Thinking for Manufacturing The Webinar on Design Thinking for Manufacturing was organized on 3rd July 2020 Ms. K. Saraswathi Secretary General MCCI gave the welcome remarks. Mr. S. Sarathi Chairman of Manufacturing committee set the context for the session. Dr. Anbu Rathinavel, Chief Design Officer & Head, Design Center at Intellect Design Arena Ltd., was the speaker

3rd jul 2020 made a very detailed presentation on design thinking. He emphasized on three important factors such as listening, dialogue and observation. His presentation also covered elements of great design, general assumptions, secured work activity and how many companies failed with traditional thinking. He urged the participants to first ask the right question to understand the problem. His presentation was followed by a Q & A Session and there were 36 participants whose feedback was positive.

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Trade Services

other membership

Trade Information and Library

ASSOCHAM

Trade enquiries received by the Chamber during the year related to imports, exports, joint venture possibilities, foreign collaborations and they have been replied accordingly The Chamber has a compact library. Additions to the library are being intimated to the members through the Bulletin The Chamber issues certificate of origins for goods being exported to other countries, attests export documents, invoices, agreements, sales contracts, etc., The Chamber also issues letters to the various Embassies, Consulates recommending grant of visa for business travel. This service is provided only to members.

The Madras Chamber is a promoter Chamber of The Associated Chambers of Commerce & Industry of India (ASSOCHAM), New Delhi.

FICCI The Chamber is a member of the Federation of Indian Chambers of Commerce & Industry, New Delhi Consultative Committee Commerce (CCCCC)

City

Chambers

The Madras Chamber of Commerce of Commerce & Industry is a member of CCCCC. Consultative Committee of City Chambers of Commerce (CCCCC) was formed to act as a collective forum for taking up common issues of Industry and Trade with the State and Central Government. It comprises of 6 Chambers namely, Andhra Chamber of Commerce, Hindustan Chamber of Commerce, National Chamber of Commerce, Southern India Chamber of Commerce & Industry Tamil Chamber of Commerce and The Madras Chamber of Commerce of Commerce & Industry. The Chairmanship of the CCCCC is given on rotation basis to the Chambers to take up activities as a collective forum as and when required.

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1 2 02020 2 - 02 - 02021 2 Representations to Government - 2020-21 The Chamber sent the following Representations to various bodies: Date

Representation

5th April 2020

CSR Representation

9th April 2020

10th April 2020

10th April 2020 10th April 2020

Addressed to

Mr.Injeti Srinivas, Secretary Ministry of Corporate Affairs Govt. of India Demurrage Waiver for Import and Exports Shri Pradeep Singh Kharola consignment due to outbreak of COVID 19 Secretary Government of India Ministry of Civil Aviation rebmahCfor sarIndustries daM ehT The Madras Chamber Recommendation Mr.N.Muruganandam, IAS Principal Secretary to Government Industries Department Govt. of Tamil Nadu Recommendations to Central Govt. Smt.Nirmala Sitharaman Hon’ble Finance Minister GoI Recommendations to Central Govt. Dr Anup Wadhawan Commerce Secretary Ministry of Commerce and Industry Government of India

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Date

Representation

11th April 2020

Recommendations/suggestions to be Mr.Shaktikanta Das considered by the RBI in the Banking and Governor Finance Related issues Reserve Bank of India Recommendations on relief for overdue loan Hon’ble Smt Nirmala Sitharaman contracts and Hon’ble Finance Minister restructuring of loans Ministry of Finance Government of India Recommendation on Accelerated revival of Mr.Shaktikanta Das Industries Governor Reserve Bank of India

11th April 2020

12th April 2020

Addressed to

12th April 2020

Recommendation to RBI for Accelerated revival Hon’ble Smt Nirmala Sitharaman of Industries Hon’ble Finance Minister Ministry of Finance Government of India New Delhi 13th April 2020 Request from Chamber Thiru. Edappadi K. Palaniswami Hon’ble Chief Minister Govt. of Tamil Nadu Secretariat Chennai 17th June 2020 Representation to SEBI on Relaxation requested Mr Pradeep Ramakrishnan for from compliance with certain provisions of General Manager, CFD - CMD the SEBI Securities & Exchange Board of India Mumbai 20th April 2020 Relief for Exim Mr Vandana Aggarwal Economic Advisor Ministry of Civil Aviation Govt. of India New Delhi 10th May 2020 Request for further relaxation and extension of Shri. Ajay Tyagi time for compliance of SEBI Regulations Chairman Securities and Exchange Board of India 21st May 2020 Issues / clarifications to be highlighted to MCA Mr.Injeti Srinivas, on select Sections Secretary Ministry of Corporate Affairs Govt. of India 12th June 2020 Representation on Advance Tax Shri Pramod Chandra Mody Chairperson Central Board of Direct Taxes (CBDT) Department of Revenue Ministry of Finance Govt. of India 17th June 2020 Relaxationrebmrequested compliance Mr Pradeep Ramakrishnan ahC sardaM ehfrom T The Madras Chamber with certain provisions of the SEBI (Listing General Manager, CFD Obligations and Disclosure Requirements) Securities & Exchange Board of India Regulations, 2015 due to the CoVID – 19 Pandemic 3rd October 2020 SEBI’s Listing obligation Mr Pradeep Ramakrishnan General Manager, CFD Securities & Exchange Board of India 13th October, MCCI Recommendations on TN Industrial Policy Dr.Neeraj Mittal, IAS., 2020 MD & CEO Guidance Tamilnadu GoTN

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Representation

Addressed to

11th 2020

November Relaxation from Online Independent Director

24th 2020

December Representation on Consultative Paper

31st 2020

December MCCI - Pre Budget Memorandum 2021-22

13th 2021

January, Meetings through Video Conferencing Dispensing with the condition to proceedings

Test

incase

of Shri Rajesh Verma The Secretary Ministry of Corporate Affairs Government of India Hon’ble Smt.Nirmala Sitharaman Minister of Finance & Minister of Corporate Affairs Ministry of Corporate Affairs GoI The General Manager Corporation Finance Dept. SEBI, Mumbai Hon’ble Smt Nirmala Sitharaman Minister of Finance; and Minister of Corporate Affairs. Ministry of Corporate Affairs Government of India

Shri.Rajesh Verma record Secretary Ministry of Corporate Affairs GoI Hon’ble Smt Nirmala Sitharaman Minister of Finance; and Minister of Corporate Affairs. Ministry of Corporate Affairs Government of India Shri.Anurag Singh Thakur Hon’ble Minister of State for Finance and Corporate Affairs Ministry of Finance & Ministry of Corporate Affairs, GoI 21st January, Representation to Government to extend the Mr.N.Muruganandam, IAS 2021 timelines given in MOUs signed in GIM 2019 Principal Secretary to Govt. Industries Department,GoTN 9th February 2021 MCCI Representation on Consultation Paper Ms Amy Durga Menon Deputy General Manager Securities and Exchange Board of India Mumbai 25th March, 2021 Representation - Consultation Paper on Review Ms Surabhi Gupta of Regulatory Provisions related to Independent General Manager Directors Corporation Finance Department, CMD-II Securities and Exchange Board of India Mumbai rebmahC sardaM ehT The Madras Chamber

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CHAMBER IN THE NEWS

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Tamil Nadu owes most to power generation cos, states report Nandini Sen Gupta / TNN / Updated: Dec 24, 2020, 17:26 IST

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CHENNAI: Despite being a turnaround case in power — from hugely deficit to surplus in the past eight years or so — Tamil Nadu’s energy health is not at peak efficiency.According to a study released by ICRA Analytics at a conference on Tamil Nadu’s emergence as a power sector leader by Madras Chamber of Commerce & Industry (MCCI), the state utility Tangedco has huge outstanding payments to power generating companies which is much higher compared to distribution companies (discoms) in other industrialised states such as Gujarat, Maharashtra and Karnataka. As of October 2020, TN’s outstanding to power generating companies is Rs 18,520 crore, the study noted. In contrast, Gujarat discom’s outstanding was Rs 448 crore, Maharashtra’s Rs 7,358 crore and Karnataka’s Rs 7,127 crore. However, the October outstanding was less than the Rs 19,034 crore due in September 2020.Tangedco’s technical and commercial losses, at 17.47%, is higher than Gujarat’s 13.98% and Maharashtra’s 14.73%. Karnataka’s 19.82% is higher than that of TN. “A 5% reduction in technical and commercial losses of Tangedco may reduce current losses by approximately 25%,” said Satyajit Suklabaidya, head-energy & natural resources, ICRA Analytics. The culprit in the case of Tamil Nadu is the free power concept mostly for agri consumers. Former power secretary R V Shahi said, “The health of the discom is an area of concern. If the government wishes to subsidise a certain section of consumers, then the extent of the subsidy should be paid to the distribution company so they run professionally and on commercial lines”. Among the top 10 states having maximum annual losses in the electricity sector, Tamil Nadu is No. 1, he added. “This is due to a mismatch between cost of supply and revenue realised due to the irrational way of looking at the tariff.”Also Tangedco’s higher dues “are affecting cash flow of generating and transmission companies, making Tamil Nadu’s power sector less attractive for investors who build this risk into their projects,” added Suklabaidya.

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1 2 02020 2 - 02 - 02021 2 Optimising power purchase cost, cut in AT&C losses can prop up TN power sector: ICRA Analytics Our Bureau Chennai | Updated on December 23, 2020 Published on December 23, 2020

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The Madras Chamber

generating, transmission cos

Optimising power purchase cost, reduction in Aggregate Technical and Commercial (AT&C) losses, and improving financial stability and regulatory timeliness were some of the action plans suggested for Tamil Nadu power sector to help the State become a leader in the industry, said an official of ICRA Analytics. Optimising the power purchase cost can be achieved through better demand forecasting, optimum utilisation of cheaper power sources, retiring old generating units and improving the operational efficiency, said Satyajit Suklabaidya Head – Energy & Natural Resources ICRA Analytics Ltd (Knowledge Partner), at a virtual conference on Tamil Nadu’s Emergence as a power sector leader organised by the Madras Chamber of Commerce and Industry in association with India Energy Forum.

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ENERGY Infra Post ENERGY Infra Post

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Optimising power purchase cost, reduction in Aggregate Technical and Commercial (AT&C) losses, and improving financial stability and regulatory timeliness were some of the action plans suggested for Tamil Naducost, power sector toinhelp the StateTechnical become aand leader in the Optimising power purchase reduction Aggregate Commercial (AT&C) industry, said an official of ICRA Analytics.

losses, and improving financial stability and regulatory timeliness were some of the action

Optimising the power cost can be achieved demand forecasting, plans suggested forpurchase Tamil Nadu power sector through to help better the State become a leader in the optimum of cheaper power sources, retiring old generating units and improving industry,utilisation said an official of ICRA Analytics. the operational efficiency, said Satyajit Suklabaidya Head – Energy & Natural Resources Optimising purchase cost be conference achieved through ICRA Analyticsthe Ltd power (Knowledge Partner), at acan virtual on Tamil better Nadu’s demand Emergenceforecasting, utilisation cheaper by power sources, retiringofold generating units and asoptimum a power sector leaderoforganised the Madras Chamber Commerce and Industry in improving association with India Energy Forum. the operational efficiency, said Satyajit Suklabaidya Head – Energy & Natural Resources

ICRA Analytics Ltd (Knowledge Partner), at aper virtual Tamilaverage Nadu’sofEmergence For instance, the AT&C loss of TANGEDCO (17.47 cent) conference is below the on national 22.03 centsector but stillleader far away from theby target 13.50 per cent under UDAY. Collection as a per power organised the of Madras Chamber of Commerce and Industry in and billing efficiencies also remained below the target specified under UDAY ― 99.87 per association with India Energy Forum. cent and 100 per cent respectively. Even a 5 per cent reduction in AT&C losses of For instance, the AT&C loss of TANGEDCO (17.47 per cent) is below the national average of TANGEDCO could reduce current losses by around 25 per cent, he said. Reducing AT&C 22.03can perbecent but still farimprovement away from inthe target of 13.50 per cent under UDAY. Collection losses done through consumer metering, distribution transformer and billing efficiencies alsoefficiency, remainedhebelow metering, collection and billing added.the target specified under UDAY ― 99.87 per

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centState andhas100 peroutstanding cent respectively. a 5 percompanies, cent reduction in AT&C The huge payments Even to generating much higher than losses of TANGEDCO current losses by around perflow cent, said. Reducing AT&C other discoms. could Higherreduce dues of discoms are affecting the 25 cash of he generating and losses can companies, be done through transmission he said. improvement in consumer metering, distribution transformer

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metering, collection and billing efficiency, he added.

The State has huge outstanding payments to generating companies, much higher than other discoms. Higher dues of discoms are affecting the cash flow of generating and transmission companies, he said.

restricted: TAFE’s Mallika Srinivasan

remain

Our Bureau Chennai | Updated on March 13, 2021 Despite some progressive policies and measures, the choices for women in the workforce remain somewhat restricted by social ethos and corporate cultural context, pointed out Mallika Srinivasan, Chairman & Managing Director of leading tractor company TAFE (Tractors and Farm Equipment Ltd). “Both during pandemic and prior to pandemic, we really saw outstanding examples of women from all strata of society demonstrating courage and conviction in achieving their goals,” she said while launching the Women Business Council for Madras Chamber of Commerce & Industry (MCCI).

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Mallika Srinivasan, CMD, TAFE

She also mentioned about the importance given to women education in South Indian families and the impact of iconic women like Indira Nooyi on corporate world. "Corporate groups such as TVS and Apollo Hospitals have been empowering women in the workforce," she said.

MCCI

rebmahC sardaMSrinivasan ehT felt that initiatives such as independent women directors are progressive and effective The Madras Chamber benchmarking practice. Quoting a report that’s said participation of women in workforce is lower in India than China, Indonesia, and South Africa, she stated that the choices for women still restricted. This is ironic and honestly that’s the situation. This need to be addressed, she added. “In this context, I welcome the initiative of MCCI to form Women Business Council (WBC), which comprises women who have demonstrated some outstanding professional expertise and entrepreneurial ability," said Mallika Srinivasan. MCCI’s WBC has been formed with the aim to promote gender acceleration and to build an inclusive culture in business environments. The primary objective is to enable women to reach their highest potential, through learning and awareness and to create opportunities for gender development in business communities, according to the Chamber.

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MEMBERS SPEAK Webinar on Force Majeure & Covid 19 – An Impact Analysis 27th April 2020 Good Session

Mr J.Thirumalai, Rane Group ................................................

Conference on “Making Chennai a Climate Smart City 9th and 10th November 2020

I would like to thank you for extending the invitation to participate in the conference on the captioned subject which is very relevant in today’s context.

Dr. S. Sivakumar SRM university ................................................

The two days’ conference was really interesting and threw so much of insight to the audience on various topics discussed by the panellists and the developments taking place in every sphere. Mr B.Vijayakumar, The Professionals ................................................

Webinar series on Role of Institutional Arbitration – Recent Developments to Boost Institutional Arbitration in India

Nov-Dec 2020 Excellent session

Webinar on Housing for all to create Sustainable and Inclusive Cities 13th July 2020 Good webinar

6th August 2020 As the topic itself is just gaining momentum and I am trying to get a feel of it, it is was a learning experience about the topic. It was handled well and Mr Anand also followed it up with some good questions to get more insight. Dr B Ravi, B Ravi and Associates This is a good initiation by MCCI. Mr. Gaganpreet Singh, Allsec Tech Technologies ................................................

Phygital 2020

Ms Priyanka.V, Asan Memorial College ................................................

Power Conference on “ Tamil Nadu’s Emergence as a Power Sector leader –Dec 2020 Well organized. Thanks.

Mr Krishnakumar P, Orient Green Power ................................................

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Session on “CBIC’s Quarterly Return filing and Monthly Payment of Taxes (QRMP) Scheme

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Certificate Course on Industrial Relations September 2020 Program was good as expected

11th Jan 2021

Mr M Vignesh Kumar L&T Construction

We really appreciate MCCI for having organized this programme at the right time. Mr Saravanan L, Hanon systems ................................................

Chamber Day

29th September 2020 Chamber Day celebration was excellent. The speaker’s speech -- No words to describe. Brilliant analysis of manufacturing sector in India in comparison with other developed/developing countries. Hats off to our MCCI team for having the webinar without any hassle. Very good audio & video. MrsaBalakrishnan rebmahC rdaM ehT BSD Associates MCCI excels in doing programs virtually. Mr V V Naresh Intellect Design Arena Limited ................................................

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FFT on “Work from Home –Forever or Never”

31st October 2020 Very good and relevant program for now Mr Damodaran, Avant-garde systems and Controls ................................................

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The presentation was really good and conducted very professionally. I find it very useful and informative. Mr Giridhar Prabhu, Frost & Sullivan (India) Pvt Ltd ................................................

Workshop on Central Budget 3rd February 2021 Very Good Session

Mr N Krishnamurthy, Cet Power Solutions India Pvt Ltd ................................................

Session on “Independent Directors - Law and The Reality”

MCCI

18th February 2021

Excellent presentations The Madras Chamber

Mr Krishnamoorthy Gopalan, G Balu Associates LLP ................................................ I have really enjoyed the session and all the speakers have done an excellent job. Keep up the good work. Mr. R.Natarajan Managing Editor and Publisher Motorindia ................................................

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Auditors: Messrs. RGN Price & Co., were re-appointed as Auditors of the Chamber for the year 2020-2021 Madras chamber secretariat Ms. K Saraswathi

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Mr. S. Sankaranarayanan

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rebmahC sardaM ehT

Executive (Member Services)

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Executive (Admin & Programs) Executive (Accounts) The Madras Chamber

Coordinator- Data Management & Programs Mr. A. Elumalai

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CORPORATE MEMBERS Corporates 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44

360 Degree Global Equipments Pvt. Ltd 360 Legal 4 I Apps Solutions Pvt.Ltd. A J Trust Educational Consultancy A R Krishnan & Associates A S Shipping Agencies Pvt. Ltd. A V Thomas & Co Ltd Aapt Distribution Pvt.Ltd. Abirami Soap Works LLP Adani Kattupali Port Limited (Marine Infrastructure) Adayar Gate Hotel Ltd. Addison & Company Ltd. Adrenalin eSystems Ltd. Agaram Infotech Private Limited AGP International Services AGXIndia Logistics Pvt. Ltd. AJR Ceramicks Pvt. Ltd Alcatel-Lucent India Ltd. Alfanar Engineering Services Pvt.Ltd. Alliance Infrastructure Projects Pvt. Ltd. Allison Transmission India Pvt.Ltd. Allsec Technologies Ltd. Alpha Water Technologies India Pvt. Ltd. Alpharithm Technologies Private Limited Altacit Global Amac Engineering Services Pvt. Ltd. Amalgamations Private Ltd. Ambalsoft Infotech Private Ltd Ambattur Fashion India Ltd Amec Foster Wheeler India Private Limited AMMAN-TRY SPONGE AND POWER (P) LIMITED Amrutanjan Health Care Ltd. Anand & Anand Anand Automotive India P. Ltd. (S) Anand, Samy & Dhruva rebmahC sardaM ehT Anant Merathia & Associates Andritz Technologies Pvt.Ltd. Anjappar Chettinad A/c Restaurant ANTARES WEIGHING Apex Laboratories Pvt. Ltd. APJ Cabs Private Ltd APM Medical Billers Private Limited Apollo Tyres Ltd APT Tools & Machinery India Private Limited

Aquatherm Engineering Consultants (India) Pvt.Ltd. 46 Arjun Chemicals Private Ltd. 47 Arkema Peroxides India Private Ltd. 48 Armstrong International Private Limited 49 ASA & Associates LLP 50 Ashok Leyland Limited 51 Aspiration Energy Pvt Ltd. 52 Aspire Systems (India) Pvt. Ltd 53 Astra Innovations India Pvt. Ltd 54 Athena Infonomics India Pvt. Ltd 55 Aumund Engineering Pvt. Ltd. 56 AVA Cholayil Health Care Private Ltd. 57 Avalon Consulting 58 Avant-Garde Systems and Controls (P) Ltd. 59 Axles India Ltd 60 Ayan Tech Solutions Pvt. Ltd. 61 B Chandra And Associates 62 B Ravi & Associates 63 B.M. And Sons 64 Barrla Fets Pvt. Ltd ( Earlier T&B International Pvt. Ltd.) 65 Barrla Systems Pvt Ltd 66 Basco India 67 BCT Consulting Pvt. Ltd 68 Beardsell Ltd. 69 Bentoli AgriNutrition India Pvt. Ltd 70 Besmak Components Pvt. Ltd. 71 Beva Silicones Private Ltd., 72 Beyontec 2nABLE Solutions Pvt. Ltd. 73 BGR Energy Systems Ltd. 74 Bhaha Engineering Service 75 Bharti Airtel Ltd. 76 Bhartiya International Limited 77 Blackstone Group Technologies Pvt. Ltd. 78 BNY Mellon Technology Private Ltd. 79 Brakes India Private Limited. Padi 80 Britannia Industries Ltd. Chamber 81 The Madras Broekman Logistics India Private Limtied 82 BS & B Technologies (P) Ltd. 83 BSD & Associates 84 BSH Household Appliances Mfg. P. Ltd. 85 BSR & Co. LLP 86 Buildcraft Interior Pvt. Ltd. 87 CADD Centre Training Services Pvt.Ltd. 88 Cameo Corporate Services Limited 89 Caplin Point Laboratories Ltd

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90 91 92 93

Cargotec India Pvt.Ltd. CavinKare Private Limited Ceego Labs Pvt. Ltd. CEO TSG IR and Labour Compliance Services P. Ltd. 94 CET Power Solutions India Pvt. Ltd 95 Chain-Sys India Pvt. Ltd. 96 Chakiat 97 Chakra Venture Partners LLP 98 Chanakya Finserv 99 Chandramouli and Associates 100 Chemplast Sanmar Limited 101 Chennai Micro Print Pvt. Ltd 102 Chennai Petroleum Corporation Ltd. 103 Chettinad Cement Corporation Ltd 104 Chevron Petroleum India Pvt Ltd 105 Chidambaram Fishnets Pvt. Ltd. 106 Chidambaram Shipcare Pvt. Ltd. 107 Cholayil Pvt. Ltd. 108 CIG Softech India Ltd 109 City Union Bank Ltd. 110 Codina Metalic Pvt. Ltd. 111 Cogent Innovations Private Limited 112 Cognizant Technology Solutions India Pvt. Ltd. 113 Comodo Security Solutions Pvt. Ltd. 114 Computer Age Management Services Pvt.Ltd 115 Contemporary News Pvt. Ltd. 116 Cooper Standard Automotive India Pvt. Ltd 117 Corporate Consulting Group 118 CPC Diagnostics Pvt. Ltd 119 CSB Services Asia Pacific Private Limited 120 CSS Corp Pvt. Ltd. 121 Cura Health Care Pvt. Ltd 122 Cyril Amarchand Mangaldas 123 Daimler India Commercial Vehicles Private Ltd. 124 Damodar Tradelinks Pvt. Ltd. 125 Darts India Private Ltd.rebmahC sardaM ehT 126 Deloitte Haskins & Sells 127 DELPHI-TVS Diesel Systems Limited 128 Delta Engineers 129 Deskmate Global Express India Pvt. Ltd 130 Dharsan Dredging & Construction Pvt. Ltd. 131 DHL Express (India) Private Limited 132 DHL Logistics Pvt. Ltd. 133 Doowon Automotive Systems India Pvt Ltd

134 135 136 137 138 139 140

Dormakaba India Private Ltd. Dr Agarwal’s Eye Hospital Limited Ducont India Systems Pvt. Ltd Durr India (P) Ltd. Durv And Associates LLP DVS Advisors LLP DXC Technology India Private Limited ( Earlier CSC Technologies) 141 Dynamic Netsoft Technologies Pvt.Ltd 142 Dyrocon Airtech Private Ltd. 143 Earth Tekniks Private Limited 144 Earthonomic Engineers Pvt Ltd 145 Eastman India Exports 146 Easun - MR Tap Changers (P) Ltd. 147 Easy Jobs HR Solutions 148 Easy Solutions 149 eBMS Solutions Pvt.Ltd. 150 EcoHealth Products Pvt. Ltd 151 Emerich Energy Private Limited 152 Emrald Resilient Tyre Manufacturers Pvt Ltd 153 Engenius Erectors Pvt. Ltd. 154 Enmas EPC Power Projects Ltd 155 Enmas O & M Services Pvt. Ltd. 156 eNoah iSolution India Pvt. Ltd. 157 Entvent Tools & Services 158 Envirocal India Private Limited 159 Ernst & Young LLP 160 ESAB India Ltd. 161 ESeal Store 162 ETA Star Property Developers Ltd. 163 European Flavours & Fragrances Pvt. Ltd 164 Eurotherm India Pvt. Ltd 165 Excel Optics (P) Ltd. 166 Express Infrastructure Pvt. Ltd. 167 Facilio Technology Solutions Pvt. Ltd 168 Farm Implements (I) Pvt.Ltd. 169 Farwood Industries Limited 170 Federal Bank Ltd. 171 Fichtner Consulting Engineers (India) Pvt. Ltd. The Madras Chamber 172 Fin Yes Consulting Pvt Ltd 173 First Engineering Plastics India Pvt. Ltd. 174 Flexi Careers India Pvt. Ltd 175 Flinto Learning Solutions Pvt. Ltd 176 FLSmidth Private Limited 177 Fluidtherm Technology (P) Ltd. 178 Force 1 Guarding Services Private Limited 179 Ford India Private Limited

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CORPORATE MEMBERS 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224

Foress Impex Pvt. Ltd Fox Mandal & Associates Frendi Fashions Pvt. Ltd. Frost & Sullivan (India) Private Limited Fumigation Services Pvt. Ltd Futurenet Techologies (India) Pvt. Ltd. G Balu Associates LLP, Chartered Accounts G G Organics Exports Pvt. Ltd. Gajra Pai and Zhu Private Limited Gateway Distriparks Ltd. GAVS Technologies Pvt. Ltd GE Power Conversion India Private Limited GE T & D India Limited Gemini Fertilizers Gemini Iron & Steel Pvt. Ltd Gemini Sea Air Freight Services Gencor Pacific Organics India (P) Ltd. George Oakes Limited Globally Recruit Education Pvt. Ltd Globelink WW India Private Ltd. GMV Engineering Pvt. Ltd Gnanamani Educational Services Good Care Enviro System Pvt. Ltd. GPVS And Associates Graffitto Industrial Material Pvt. Ltd Grant Thornton Bharat LLP Green Embryo ProNature Initiatives Greentech Recyclers Group Fio India Private Limited Grundfos Pumps India Pvt. Ltd. Guardian Anti Corrosives (P) Ltd. H P Valves & Fittings India Pvt. Ltd. Hanon Automotive Systems India Private Limited Haribhakti & Co. LLP Hariharan Foundations Pvt. Ltd. Hauer Associates HDFC Bank rebmahC sardaM ehT Hi Tech Calibration Services Hindustan Unilever Ltd. Housing Development Finance Corporation Ltd. Hubbell India Electrical Products LLP Husqvarna (India) Products Private Ltd HVK Systems & Marketing Pvt. Ltd. HyLoApp Technologies Pvt. Ltd Hyundai Motor India Ltd.

225 226 227 228 229 230 231 232 233 234 235 236 237

I Acharya Silicon Ihita Engineering Services Pvt Ltd IL & FS Cluster Development Initiative Ltd ImageGrafix Engg. Services Pvt. Ltd. Incarnus Technologies India Pvt. Ltd India Cements Capital Ltd. India Pistons Ltd. Indian Additives Ltd. Indian Bank (Sub) Indian Oil Corporation Ltd. Indian Potash Ltd. Info-Drive Analytics Private Ltd. Integrated Foods & Consumer Products (India) Pvt. Ltd. 238 Intellect Design Arena Limited 239 International Clearing & Shipping Agency (India) Pvt. Ltd. 240 International Flavours & Fragrances India (P) Ltd. 241 International Services 242 IP Rings Limited 243 ITC Limited 244 J Cynergy Global 245 J. K. FENNER (INDIA) LIMITED

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246 JEF Techno Solutions Pvt. Ltd 247 Johnson & Johnson Private Limited 248 Johnson Lifts Pvt. Ltd. 249 Jumbo Bag Ltd. 250 K & S Partners 251 K I (International) Ltd. 252 K.Vaitheeswaran & Co 253 Kaleesuwari Refinery Private Limited 254 Kannan Fibre Industries 255 Kardi Dryers (P) Ltd 256 Karpagam Krishnan And Natarajan 257 KCP Sugar & Industries Corporation Ltd. 258 Keld Ellentoft (I) Pvt.Ltd. The Madras 259 KelloggChamber Brown & Root Engineering Construction India P Ltd 260 Kemin Industries South Asia Private Limited 261 Kenspire Advisors Private Limited 262 Kilburn Electricals Ltd. 263 Kings Food Products LLP 264 Kiran Global Chems Limited 265 Klemmen Engineering Corporation 266 Kochhar & Co.

MCCI

267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289

Kone Elevator India Pvt. Ltd. Kothari Safe Deposits Ltd. Krebs Engineering Pvt. Ltd. Kriti Kare India Private Limited Kriya Travel Logistics Private Limited Kriyaa Consultants & Engineers (P) Ltd. Kumar & Raj L & T Valves Ltd. LA Freightlift Pvt. Ltd Lakshmi Machine Works Ltd. Lakshmikumaran & Sridharan Larsen & Tubro Ltd. Chennai Laulagun Bearings India Private Limited Lead HR Services Pvt. Ltd LNV Technology Private Ltd. Logic Information Systems (India) Pvt. Ltd. Logitrans Technology Private Limited Lucas Indian Service Ltd. Lucas TVS Ltd. Madras Engineering Industries Pvt Ltd Magtaan Travels & Holidays Pvt. Ltd. Mahindra World City Developers Ltd. Management and Governance Consulting Private Ltd. 290 Mark Softech Private Limited 291 Market Simplified India Ltd. 292 Marwa Impex Private Limtied 293 Maveric Systems Limited 294 MB Metallic Bellows Pvt. Ltd. 295 Mediclone Health Care Pvt. Ltd 296 Medopharm 297 Metallic Bellows (I) Pvt.Ltd. 298 Michelin India Pvt. Ltd 299 Millennia Hi-tech Systems Pvt. Ltd 300 Monarch Scientific Works 301 Mr. P K Balamurugesh 302 Mr.N.Venkataraman, Senior Advocate 303 MRF Ltd. rebmahC sardaM ehT 304 MSKA & Associates 305 MTL instruments Pvt Ltd 306 Mukesh Infoserve Pvt. Ltd 307 N C Rajagopal & Co. 308 N Gopaldas Gems & Jewellery Exports Pvt. Ltd 309 Nanchil Infrastructure Private Ltd. 310 Nangia Andersen LLP 311 Nathan And Associates

312 Nav Indus Food Machines Pvt. Ltd. 313 Neophyll Agrisciences Pvt. Ltd. 314 Neptune Financial Software Pvt. Ltd 315 NFA Life Secure Private Ltd. 316 Nice Neotech Medical Systems Pvt. Ltd. 317 Nile Marine Services 318 Nippon Paint (India) Pvt. Ltd. 319 Noble Eco Systems Pvt. Ltd. 320 Novares India Automotive Private Limited 321 NTC Logistics India Pvt. Ltd 322 Nubiola India (P) Ltd. 323 Ocrim International Technologies Pvt. Ltd. 324 Ojus Power and Technologies Private Ltd. 325 Olam Information Services Private Ltd. 326 Omnex India Pvt.Ltd. 327 Operational Energy Group India Ltd 328 Orchid Pharma Ltd. 329 Oriens Global Marketing Pvt. Ltd. 330 Orient Green Power Company Ltd. 331 Oriental Bank of Commerce 332 Oriental Hotels Ltd. 333 Oriental Solutions Pvt. Ltd. 334 Origin ITFS Private Limited 335 Paragon Polymer Products (P) Ltd. 336 Paramount Shipping Services Pvt. Ltd. 337 Parry Agro Industries Ltd. 338 Paterson Securities 339 PCA Automobiles India Pvt. Ltd 340 PE - Aristi Projects And Engineering Pvt. Ltd 341 Pentland India Trading Private Ltd. 342 Petrofac Engineering Services India Pvt. Ltd. 343 Petronash Engineering Services Ltd 344 Pioneer One Consulting LLP 345 Piramal Pharma Limited 346 PKC Management Consulting Pvt. Ltd 347 PKF Sridhar & Santhanam 348 Polaris Consulting & Services Limited 349 Ponni Sugars (Erode) Limited The Madras Chamber 350 Portman India Private Limited 351 Potent Management Solutions Pvt. Ltd 352 Powerflow Engineers Pvt. Ltd 353 Prakash Foods & Feed Mills Private Ltd. 354 Praxair India P Ltd. 355 Precia Molen India Pvt Ltd. 356 Precision Equipments (Chennai) Pvt. Ltd. 357 Price Waterhouse & Co LLP 358 Primefinity Software Pvt. Ltd.

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CORPORATE MEMBERS 359 Primordial Impex Limited 360 Prince Gold & Diamonds India Pvt.Ltd., 361 Print Plus 362 Priti Suri & Associates 363 Prodapt Solutions Private Limited 364 Protech Consultants Pvt. Ltd. 365 Protechsoft Systems Pvt. Ltd. 366 Protechsoft Technologies Pvt. Ltd. 367 Protection Engineering and Research Laboratories 368 Prou India Engineering Private Limited 369 Prowess Infotech Private Ltd 370 PSK Infracontract Pvt Ltd 371 PSL Ltd. 372 QH Talbros Pvt. Ltd 373 R G N Price & Co. 374 R K Swamy BBDO Private Ltd. 375 R R Kabel Limited 376 R Subramanian & Co. 377 R Sundararaman & Co. 378 R V K & Co., 379 Raj Petro Specialities Pvt. Ltd. 380 Rajshree Bio Solutions LLP 381 Ramesh and Ramachandran 382 Rane (Madras) Ltd. 383 Rane Brake Lining Ltd. 384 Rane Engine Valve Ltd. 385 Rane TRW Steering Systems Ltd. 386 Raqmiyat Information Technology Pvt Ltd. 387 Rathidevi & Associates 388 Rattha Holding Company Pvt. Ltd 389 Raunaq Steels Trading Private Limited 390 Ravindra Services Pvt. Ltd 391 Redington (India) Limited 392 Regal Interiors Private Limited 393 REV Consulting 394 Reva Phoenix Engineers & Consultants India Pvt. Ltd bmahC sardaM ehT 395 RuhRPumpen India Pvt.reLtd 396 RLT Instrumentation Pvt. Ltd 397 Rotork Controls India Private Ltd. 398 Royal Cyber Pvt. Ltd 399 Royal Sundaram General Insurance Co Limited 400 RR Donnelley India Outsource Pvt. Ltd. 401 Ruby Manoharan Property Developers Pvt. Ltd 402 Ryan Logitech Private Limited

403

S Eshwar Consultants House of Coporate & IPR Laws 404 S V Global Mill Limited 405 S.Natesa Iyer Logistics LLP 406 Sagtaur Universal 407 Sai Titanium Products Pvt. Ltd 408 Saint-Gobain India Private Limited 409 Saipem India Projects Private Limited 410 Same Deutz Fahr India Pvt. Ltd. 411 Samsung India Electronics Pvt.Ltd. 412 Sanco Trans Ltd. 413 SAS Partners Corporate Advisors Pvt. Ltd. 414 Sattva Logistics Private Ltd. 415 SB SB and Associates 416 Schneider Electric Infrastructure Ltd. 417 Schneider Electric Systems India Pvt. Ltd. 418 Schwing Stetter (India) Pvt. Ltd. 419 Scope Specialities LLP 420 Semitech India Automation Pvt. Ltd 421 Sengu and Paapu Associates 422 Shardlow India Limited 423 Sharp & Tannan 424 Sheenlac Paints Limited 425 Sheng Long Biotech India Pvt. Ltd. 426 Shibaura Machine India Pvt. Ltd. (Toshiba Machines) 427 Shiloh Industries Pvt. Ltd 428 Shilpa Stainless Pvt. Ltd. 429 Shri Kailash Indsutrial and Logistics Parks 430 Shriram EPC Ltd. 431 Shriram Transport Finance Co. Ltd. 432 Simpson & Co. Ltd. 433 Sinergia Holding Private Limited 434 Skanda IT Consulting Pvt. Ltd 435 Skylift Cargo (P) Ltd. 436 Softeon India Pvt. Ltd. 437 Solverminds Solutions & Technologies Pvt. Ltd. The Madras Chamber 438 Southern Agro Engine Pvt Ltd 439 Spark Capital Advisors (I) Pvt. Ltd. 440 SPR & Co 441 Sree Shyam Sayee Corporation Private Limited 442 Sri City (P) Limited 443 Sri Kauvery Medical Care (India) Limited 444 Sri Krishna Sweets 445 Srinidhi Finance Pvt. Ltd

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446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489

Srinivasan & Shankar Stahl India Pvt. Ltd. Stanadyne India Pvt. Ltd. Standard Chartered Global Business Services Pvt. Ltd. State Bank of India Steinbach & Partner Executive Consultants India (P) Ltd Stonecolour Exim Private Limited Subbaraya Aiyar Padmanabhan & Ramamani Advocates Sundaram & Srinivasan Sundaram Asset Management Co. Ltd. Sundaram BNP Paribas Home Finance Ltd. Sundaram Clayton Ltd. Sundaram Finance Ltd. Sundaram Industries Pvt. Ltd Sundram Fasteners Ltd. Super Auto Forge Private Ltd., Supreme Petrochem Ltd. Surana & Surana International Attorneys Swiss Garnier Life Sciences Switzer Process Instruments Pvt Ltd Symbiotic Infotech Pvt. Ltd. Symrise Pvt. Ltd. T A Taylor Pvt Ltd T S Gopalan & Co. T V Sundram Iyengar & Sons Ltd. TAFE Access Ltd. TANFAC Industries Ltd. Tata Consultancy Services Ltd Technology Associates Temenos India Private Ltd. Tenova India Pvt. Ltd. The India Cements Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The Ramco Cements Ltd. ebmahC sardaM ehT The Traveler India Pvt. rLtd Thejo Engineering Ltd. THG Publishing Private Limited Thomas VM & Co Thomson Press (India) Ltd. Tidal Wave Infotech Private Ltd. Tide Water Oil Co. (I) Ltd. Tirwin Management Services (P) Ltd. Titanium Equipment and Anode Mfg.Co.Ltd.,

490 491 492 493 494 495 496 497 498 499

ToCheungLee Stationery Mfg. Co. Ltd Tonglit Autogistic Pvt.Ltd. TPI Composites India LLP Tractors & Farm Equipment Ltd. Translink Logistics Pvt. Ltd. TransSys Solutions Pvt. Ltd. Treeline Business Solutions Private Limited Trivitron Healthcare Private Ltd. TT Logistics and Cargo Pvt. Ltd. TTK Healthcare Limited (Protective Devices Division). 500 Turbo Energy Ltd. 501 TVS Logistics Services Ltd. 502 TVS Motor Company Ltd. 503 Ultratech Cement Ltd. 504 Uniphore Software Systems Pvt. Ltd 505 United India Insurance Co. Ltd. 506 Unity Forge Private Ltd. 507 Universal Legal 508 V Rajalakshmi & Co 509 V Vasumathy & Associates 510 VA Tech Wabag Ltd. 511 Valiant Technologies Pvt. Ltd 512 Valmet Technologies Pvt. Ltd 513 Vanilla Holdings & Investments Pvt. Ltd. 514 VB Legal 515 VCMV & Associates LLP 516 Vedanta Limited - Sterlite Copper 517 Venkata Narayana Active Ingredients Private Limited 518 Ventura Technologies Network Pvt. Ltd. 519 Ventureast Fund Advisors India 520 Victor Grace & Co. 521 Victoria Technical Institute 522 Vijayani Nutraceuticals Pvt. Ltd. 523 Vingyani Analytics Pvt. Ltd 524 Virgo Polymers (I) Ltd. 525 Vistasoft India (P) Ltd 526 Vivid Edge Software Solutions Private Ltd. The Madras Chamber 527 Voice Snap Services Pvt. Ltd 528 Voltas Ltd. 529 WABCO India Limited 530 Wavin India Ltd. 531 We Entertainments 532 Wheels India Ltd. 533 Wil Car Wheels Limited 534 William Hare (India) Private Limited

T R OANNUAL PER LAUN NA REPORT

1 2 02020 2 - 02 2 - 02021

ICCM

MCCI

Annual Report 2020 - 2021 89

CORPORATE MEMBERS 535 536 537 538 539 540 541

Winsar Infosoft Pvt. Ltd. XS Real Properties Pvt. Ltd. Yalee Inc Yazaki India Pvt. Ltd. Yes Bank Ltd Zamil Steel Engineering India Pvt. Ltd. Zeal Direct & Reinsurance Broking Services Pvt.Ltd 542 Zoho Corporation Pvt Ltd AFFILIATES 543 AARDE Foundation 544 Academy of Maritime Education and Training 545 Adaikalam Trust 546 Ambattur Industrial Estate Manufacturers Association 547 Army Welfare Placement Node 548 Asan Memorial College of Arts & Science 549 ASSIST 550 Association of Multimodal Transport Operators of India 551 Asthagiri Herbal Research Foundation 552 Auroville Consulting 553 Bharatha Human Value Foundation 554 British Business Group Chennai Trust 555 Dharmamurthi Rao Bahadur Calavala Cunnan Chetty’s Hindu College 556 Elumalai Polytechnic College 557 Energy&Fuel Users’ Association of India 558 Ethiraj College for Women 559 Great Lakes Institute of Management 560 Hand in Hand India 561 Hindustan College of Arts & Science 562 IIM Tiruchirappalli 563 Industrial Waste Management Association 564 Justice Basheer Ahmed Sayeed College for Women 565 Kamarajar Educational Trust 566 Karpagam College of Engineering 567 Krea University (earlier Institute for Financial rebmahC sardaM ehT Management and Research) 568 Logistics Sector Skill Council 569 Loyola Institute of Business Administration

570 571 572 573 574 575

MOP Vaishnav College for Women Muthayammal Engineering College Nani Palkhivala Arbitration Centre Patrician College of Arts & Science Payir Trust Prince Shri Venkateshwara Arts and Science College 576 R M K Engineering College 577 Renewable Energy Harvesting Envrn. Network Assn 578 Saveetha Engineering College 579 SDNB Vaishnav College for Women 580 Shri Shankarlal Sundarbai Shasun Jain College for Women 581 Sign of Life Productions 582 Sri Kanyaka Parameswari Arts & Science College for Women 583 SRM University 584 St. Joseph’s College of Engineering 585 St. Joseph’s Institute of Technology 586 T. Stanes & Co. Ltd. 587 Tamilnadu Small and Medium Industries Mutual Assn(TASMIA) 588 The Cocanada Chamber of Commerce 589 The Karur Textile Manufacturers Exporters’ Association 590 The Madras Electric Trades Assn. 591 The Madras Piecegoods Merchants’ Association 592 The Malabar Chamber of Commerce 593 The Planters’ Association of Tamilnadu 594 The Quaide Milleth College for Men 595 The South Indian Sugar Mills’ Association 596 The United Nilgiri Tea Estates Co. Ltd. 597 The United Planters’ Assn. of Southern India 598 Tuticorin Chamber of Commerce & Industry 599 V Excel Educational Trust 600 VIT University 601 Vivekananda College of Arts and Sciences for The Madras WomenChamber 602 Waterfalls Institute of Technology Transfer 603 Zen Online

T R OANNUAL PER LAUN REPORT NA

1 2 02020 2 - 02 - 02021 2

ICCM

90 Annual Report 2020 - 2021

MCCI

past chairmen/presidents PAST CHAIRMEN / PRESIDENTS (From the year 1996 the designation of Chairman was changed to President)

1836

Mr John Alves Arbuthnot

1837

Mr John Alves Arbuthnot

Mr John Williams Dare

1838

Mr John Williams Dare

Mr William Scott Binny

1839

Mr William Scott Binny

Mr John Line

1840

Mr John Line

Mr James Scott

1841

Mr James Scott

1842

Mr James Scott

Mr John Utley Ellis

1843

Mr John Utley Ellis

Mr J Ouchterlony

1844

Mr J Ouchterlony

1845

Mr J Ouchterlony

Mr James Thomson

1846

Mr James Thomson

Mr John Binny Key

1847

Mr John Binny Key

Mr George Arbuthnot

1848

Mr George Arbuthnot

1849

Mr Henry Nelson

1850

Mr William Mc Taggart

Mr William Urquhart Arbuthnot

1851

Mr J Ouchterlony

1852

Mr Joseph Goolden

1853

Mr James Scott

Mr J Ouchterlony

1854

Mr James Scott

Mr Robert Orr Campbell

1855

Mr Robert Orr Campbell

1856

Mr J Ouchterlony

Mr John Binny Key

1857

Mr William Hamilton Crake

1858

Mr John Vans Agnew

1859-60 Mr Henry Nelson 1861

Mr Alfred John Byard

Mr William Reirson Arbuthnot

1862

Mr William Reirson Arbuthnot

Mr Robert Orr Campbell

1863

Mr William Hamilton Crake

1864

Mr Alfred John Byard

Mr Henry Tolputt

1865

Mr Henry Tolputt

Mr John Young

1868

Mr Alexander Forrester Brown

Mr William Reirson Arbuthnot

1869

Mr Alfred John Byard

Mr John Charles Loch

T R OANNUAL P E R L A1866-67 UN NMrAAlexander Forrester Brown REPORT

1 2 02020 2 - 02 2 - 02021

1870-71 Mr Patrick Macfadyen

ICCM

rebmahC sardaM ehT

1872

Mr Robert Chillingworth Walker

1873

Mr Alexander Forrester Brown

1874

Mr Patrick Macfadyen

1875

Mr Clement Simpson

1876

Mr Patrick Macfadyen

1877

Mr Patrick Macfadyen

Mr John Jones

MCCI

The Madras ChamberMackenzie 1878 Mr Alexander 1879

Mr Alexander Mackenzie

1880

Mr Patrick Macfadyen

1881-82 Mr Clement Simpson 1883-84 Mr James Charles Shaw 1885

Mr John Alexander Boyson

Annual Report 2020 - 2021 91

1886

Mr George Gough Arbuthnot

Mr C E Wood

1887

Mr S R Tumbull

1918-19 Mr Gordon Fraser

1888

Mr S R Tumbull

Mr D Rasbotham

1920-21 Mr James Simson

Mr C E Wood

1889-90 Mr J A Boyson

1922

Sir James Simson

1891-92 Mr S R Tumbull

Mr W Alexander

1893-94 Mr J A Boyson

1923

Sir Gordon Fraser

1895

Mr G G Arbuthnot

Mr C E Wood

Mr G L Chambers

1924-25 Mr T M Ross

1896

Mr G L Chambers

1926-27 Mr C E Wood

1897

Mr G G Arbuthnot

1928

1898

Mr G G Arbuthnot

1929-30 Mr H F P Hearson

Mr S R Tumbull

1931

Mr F Birley

1899

Mr S R Tumbull

1932

Mr K Kay

Mr E P Vans Agnew

1933

Mr W M Browning

1900

Mr G G Arbuthnot

1901

Sir George Arbuthnot

Mr A J Yorke

1902

Mr K Kay

T R OANNUAL P E R L A1934 UN REPORT NMrAW M Browning

1 2 02020 2 - 02 - 02021 2 1935

Sir William Wright, O.B.E

1936

Mr F Birley

Mr A J Yorke

1937

Mr G A Bambridge

1903

Sir George Arbuthnot

1938

Mr D M Reid, O.B.E

Mr H Scott

1939

Sir Gerald Hodgson

1904

Sir George Arbuthnot

1940

Sir Robert Denniston

1905

Mr A J Yorke

1941-43 Mr J Nuttal

1906

Mr A J Yorke

1944

Mr V G Lynn

1945-46 Mr H S Town

1907

Mr V G Lynn

1947

Mr W T Williams

1948

Mr H I Wonfor, C.B.E.

1949

Mr B W Batchelor

1910-11 Mr Hugh Fraser

ICCM

Mr C Elphinston

MCCI

1912

Mr A D Jackson

1913

Mr A D Jackson

1950

Mr H I Wonfor, C.B.E.

Mr W B Hunter

1951

Mr H S Macqueen

1914

Mr A D Jackson

1952-53 Mr H I Wonfor, C.B.E.

rebmahC sardaM ehT

The Madras Chamber

Sir Hugh Fraser

1954

Mr R E Castell, C.B.E.

1915-17 Mr Gordon Fraser

1955

Mr T Rogers

92 Annual Report 2020 - 2021

1956

Mr J R Galloway

1983-84 Mr K V Sitaram

1957

Mr G N Noel – Tod, C.B.E.

1985-86 Mr N Sankar

1958

Mr E J M Leigh

1987

Mr M V Murugappan

1959

Mr P Hadfield

1988

Mr Hari Eswaran

1960

Mr E F G Hunter

1989-91 Mr V Chidambaram

1961

Mr R M King

1991-93 Mr N Venkataramani

1962

Mr B B Dod

1993-94 Mr N Srinivasan (F&R)

1963

Mr M J Edwards, O.B.E

1994-96 Mr L Lakshman

1964

Mr D M Law

1996-98 Mr N Srinivasan (ICL)

1965

Mr A M Murugappa Chettiar (till 31st October 1965)

1998-99 Ms Mallika Srinivasan

Mr A W Stansfeld

1966

Mr A W Stansfeld

1967

Mr John K John

1968

Mr E W D Jeffares, M.C

1969

Mr A M M Arunachalam

1970

Mr M E Bourcier

1971

Mr C P Featherstone

1972

Mr N S Bhat

1973

Mr A K Sivaramakrishnan

1974

Mr M M Muthiah

1975

Mr P D Whiteley

1976

Mr C D Gopinath

1999-2000

Mr G K Raman

2000-2001

Mr L Sabaretnam

2001-2002

Mr N Ramachandran

2002-2003

Mr K V Sheety

2003-2004

Mr B Natraj

T R OANNUAL P E R L A2004-2005 UN N A Mr Murali Venkatraman REPORT

1 2 02020 2 - 02 2 - 02021

1977-78 Mr J K Clubwala 1979-80 Mr A Sivasailam 1981-82 Mr M K Kumar

ICCM

rebmahC sardaM ehT

2005-2006

Mr V Balaraman

2006-2007

Mr A Sankarakrishnan

2007-2008

Mr Arun Bewoor

2008-2010

Mr Srinivasan K Swamy

2010-2012

Mr T T Srinivasaraghavan

2012-2014

Mr T Shivaraman

2014- 2016

Mr S G Prabhakharan

2016-2017

Mr.Ram Venkataramani

2018-2020

Mr Ramkumar Ramamoorthy

MCCI

The Madras Chamber

Annual Report 2020 - 2021 93

FINANCIALS 2020-21

R.G.N. Price & Co. Chartered Accountants

Phone : 28413633 I 28583494 E-Mail : price@rgnprice.com Offices at : Mumbai, Bangalore, New Delhi Cochin, Quilon & Calicut

Simpson’s Buildings 861, Anna Salai, Chennai - 600002 17th July 2021

To the Members of The Madras Chamber of Commerce and Industry Report on the Audit of Financial Statements We have audited the accompanying financial statements of The Madras Chamber of Commerce and Industry (“the Chamber”) which comprise the Balance Sheet as at March 31, 2021, and the Income and Expenditure Account for the year then ended, and a summary of significant accounting policies and other explanatory information.

Opinion In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Chamber as at March 31, 2021, and of its financial performance for the year then ended in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).

Basis of Opinion

T R OANNUAL PER LAUN REPORT NA

We conducted our audit in accordance with Standards on Auditing (SAs) issued by ICAI. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Chamber in accordance with Code of Ethics issued by ICAI together with ethical requirements that are relevant to our audit of financial statements under the provisions of the act, and the rules thereunder, and we have fulfilled our ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

1 2 02020 2 - 02 - 02021 2

Emphasis of Matter We draw attention to note no 12(2)(b) of the financial statements indicating that the duration and the outcome of the pandemic is uncertain. The Chamber whilst ascertaining that it has no major impact on its financial results currently, is monitoring the developments as they emerge. Our audit opinion is not modified in respect of the matter.

Responsibilities of the Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation of these financial statements that give a true and fair view of the state of affairs, results of operations of the Chamber in accordance with the accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

ICCM

MCCI

rebmahCmanagement sardaM ehT is responsible Thefor Madras Chamber In preparing the financial statements, assessing the entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the entity’s financial reporting process.

Auditor’s Responsibility Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.

94 Annual Report 2020 - 2021

Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,

design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are

appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based

on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the entity to cease to continue as a going concern.

T R OANNUAL PER LAUN NA REPORT

Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial statements may be influenced. We consider quantitative materiality and qualitative factors in

1 2 02020 2 - 02 2 - 02021

i. planning the scope of our audit work and in evaluating the results of our work; and ii. to evaluate the effect of any identified misstatements in the standalone financial statements. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

ICCM Place : Chennai Date : 17th July 2021

rebmahC sardaM ehT

MCCI

For R.G.N. PRICE & CO. Chartered Accountants FR No. 002785S

Mahesh Krishnan Partner The Madras Chamber M.No. 206520 UDIN : 21206520AAAAEP3325

Annual Report 2020 - 2021 95

FINANCIALS 2020-21

BALANCE SHEET

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

as at 31st March 2021

Amount in Rs. Particulars

Note No.

As at 31st March 2021 Amount

Amount

As at 31st March 2020 Amount

Amount

SOURCE OF FUNDS General Fund

10,26,13,290

9,58,98,835

Non Current Liabilities

13,20,000

10,39,33,290

9,72,18,835

Total APPLICATION OF FUNDS Property, Plant and Equipment Gross Block Less : Depreciation Net Block Investments

3,61,51,188

3,27,54,243

1,17,11,943 T R OANNUAL PER LA UN REPORT N A2,44,39,245

1,17,82,561 2,09,71,682

1 2 02020 2 - 02 - 02021 2 3

75,00,000

Current Assets, Loans and Advances Sundry Debtors

79,447

8,38,538

Cash and Bank balances

6,88,31,070

6,52,81,663

Other Current Assets

50,87,063

51,57,094

Loans and Advances

4,65,500

4,29,218

7,44,63,080

7,17,06,513

24,69,035

29,59,360

24,69,035

29,59,360

Less : Current Liabilities and Provisions Liabilities

Total Net Current Assets Total

ICCM

rebmahC sardaM ehT

Notes on accounts

7,19,94,045 MCCI 10,39,33,290

The Madras Chamber

6,87,47,153 9,72,18,835

The Notes 1 to 8 and 12 referred to above form an integral part of the Balance Sheet President

Vice President

Secretary General

Chennai 17th July 2021 This is the Balance Sheet referred to in our report of even date

For R.G.N. PRICE & CO. Chartered Accountants Mahesh Krishnan Partner M.No. 206520 FR No. 002785S

96 Annual Report 2020 - 2021

Income and Expenditure Account for the year ended 31st March 2021

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY Amount in Rs.

Particulars

Note No.

Year ended 31st March 2021

Year ended 31st March 2020

Amount

INCOME Subscription

72,63,500

78,25,000

Entrance Fee

2,25,000

3,29,000

Fees for Certificate of Origin

35,29,840

47,14,645

Seminar Income

24,68,065

39,13,013

Interest on investments

47,29,285

49,28,183

21,86,619

35,79,344

9,397

53,129

2,04,11,706

2,53,42,314

93,44,830

90,98,605

3,06,433

23,67,487

24,73,820

53,43,164

8,47,506

6,22,168

1,29,72,589

1,74,31,424

74,39,117

79,10,890

Rental income Other Income Total EXPENDITURE

T R OANNUAL PER LAUN N9 A REPORT

1 2 02020 2 - 02 2 - 02021

Employee Costs

Seminar Expenses Other Expenses

Depreciation Total Excess of Income over Expenditure for the year (before taxes) Income Tax (Current)

7,24,662

Transfer to General Fund

67,14,455

ICCM

Notes on accounts

79,10,890

MCCI

The Notes 9 to 12 referred to above rebmaform hC saan rdaintegral M ehT part of the Income and Expenditure account President

The Madras Chamber

Vice President

Chennai 17th July 2021 This is the Income and Exependiture Account referred to in our report of even date

Secretary General For R.G.N. PRICE & CO. Chartered Accountants Mahesh Krishnan Partner M.No. 206520 FR No. 002785S

Annual Report 2020 - 2021 97

FINANCIALS 2020-21

NOTEs TO FINANCial STATEMENTS

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

Note no. 1 GENERAL FUND

(in Rs.) Particulars

As per last Balance Sheet

As at 31st March 2021

As at 31st March 2020

Amount

9,58,98,835

8,79,87,945

T R OANNUAL PER LAUN REPORT N A 67,14,455

79,10,890

Surplus from Income & Expenditure account transferred

1 2 02020 2 - 02 - 02021 2

10,26,13,290

ICCM

rebmahC sardaM ehT

98 Annual Report 2020 - 2021

MCCI

The Madras Chamber

9,58,98,835

ICCM

rebmahC sardaM ehT

The Madras Chamber 11,78,368

22,80,905

3,27,81,738

7,61,074

7,88,569

9,18,124

3,27,54,243 43,15,069

79,151.00

2,01,990

8,38,973

Deletions

13,93,600

5,96,755

4,73,578

25,26,888

MCCI

Previous Year

23,68,311

57,61,727

5,66,400

Additions

1,97,20,790

Cost as on 01/04/2020

Gross Block

3,27,54,243

3,61,51,188

13,93,600

5,96,755

5,96,417

22,54,315

34,59,273

81,30,038

1,97,20,790

Cost as on 31/03/2021

1,19,48,962

1,17,82,561

10,39,435

5,24,570

4,73,563

25,26,835

14,56,432

57,61,726

Acc. Depreciation as on 01/04/2020

1 2 02020 2 - 02 2 - 02021

Vehicles

Computers

Office equipment

Furniture and Fixtures

Electrical Installations

Freehold Buildings

Land & Development

Particulars

Property, Plant and Equipment

Note no. 2

Notes to Financial Statements

T R OANNUAL PER LAUN NA REPORT

Annual Report 2020 - 2021 99

6,22,168

8,47,506

3,47,500

41,708.00

9,698.00

37,113.00

3,47,957

63,530.00

for the year

13,86,935

5,66,278

4,04,110

17,24,975

18,04,389

58,25,256

Acc. Depreciation as on 31/03/2021

7,88,569

1,17,82,561

9,18,124 1,17,11,943

79,151.00

8,38,973

Deletions

Depreciation

3,54,165

72,185.00

15.00

53.00

8,24,473

1.00

1,97,20,790

As on 31/03/2020

2,09,71,682

2,08,32,776

2,44,39,245 2,09,71,682

6,665.00

30,477.00

1,92,307

5,29,340

16,54,884

23,04,782

1,97,20,790

As on 31/03/2021

Net Block

(in Rs.)

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

FINANCIALS 2020-21

NOTEs TO FINANCial STATEMENTS

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

Note no. 3 (in Rs.)

Investments Particulars

Fixed Deposits with Sundaram BNP Paribas Home Finance Ltd

As at 31st March 2021

As at 31st March 2020

Amount

75,00,000

Note no. 4 (in Rs.)

Sundry Debtors - Unsecured Considered Good As at 31st T R OANNUAL PER LAUN REPORT N AMarch 2021

As at 31st March 2020

Particulars

1 2 02020 2 - 02 - 02021 2

Amount

Debts Outstanding for a period exceeding six months

25,370

8,840

Other Debts

54,077

2,52,088

5,77,610

79,447

8,38,538

Rent receivable

Note no. 5

(in Rs.)

Cash and Bank Balances Particulars

Cash & cheques on hand

ICCM

rebmahC sardaM ehT

As at 31st March 2021

Amount MCCI

As at 31st March 2020 Amount

The Madras Chamber 21,298

26,791

16,70,383

20,51,118

6,71,39,389

6,32,03,754

6,88,31,070

6,52,81,663

Balance with Scheduled Banks

-On Current Account

Fixed Deposits with banks

Note no. 6 100 Annual Report 2020 - 2021

NOTEs TO FINANCial STATEMENTS

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

(in Rs.)

Other Current Assets - Unsecured Considered Good Particulars

As at 31st March 2021

As at 31st March 2020

Amount

Interest accrued on Investments

11,70,118

11,66,360

Advance Tax & tax deducted at source(Net)

39,16,945

39,90,734

50,87,063

51,57,094

Note no. 7

(in Rs.)

Loans and Advances - Unsecured Considered Good

T R OANNUAL PER LAUN N AAs at 31st REPORT

Particulars

March 2021

As at 31st March 2020

Amount

1 2 02020 2 - 02 2 - 02021

Deposits Prepaid expenses

3,09,169

1,55,831

1,14,549

500

5,500

4,65,500

4,29,218

Advance

Note no. 8 (in Rs.)

Non Current Liabilities

ICCM

Particulars

rebmahC sardaM ehT

Rent Deposit

As at 31st March 2021

MCCI

The Madras Amount Chamber 13,20,000

As at 31st March 2020 Amount 13,20,000

Annual Report 2020 - 2021 101

FINANCIALS 2020-21

notes TO FINANCIAL STATEMENTS

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY (in Rs.)

Current Liabilities Particulars

Sundry Creditors

As at 31st March 2021

As at 31st March 2020

Amount

3,11,250

4,87,612

14,68,558

16,30,123

Statutory Dues

4,39,827

3,61,809

Subscription, Advertisement & Seminar Fees etc received in advance

2,49,400

4,79,816

24,69,035

29,59,360

Provision for employee benefits

Note no. 9 Other Income

T R OANNUAL PER LAUN REPORT NA

1 2 02020 2 - 02 - 02021 2 Particulars

(in Rs.)

Year ended 31st March 2021

Year ended 31st March 2020

Amount

Miscellaneous Income

9,397

14,861

Interest others

3,668

Directory of Members

600

Profit on sale of assets

34,000

MCCI 9,397

53,129

ICCM

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102 Annual Report 2020 - 2021

The Madras Chamber

notes TO FINANCIAL STATEMENTS

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

Note no. 10 (in Rs.)

Employee Cost Particulars

Establishment cost Contribution to Provident & other funds

Year ended 31st March 2021

Year ended 31st March 2020

Amount

88,58,315

86,14,446

4,31,139

3,71,946

Staff Welfare

55,376

1,12,213

93,44,830

90,98,605

Note no. 11 Other Expenses

ended 31st T R OANNUAL PER LAUN NYear AMarch REPORT 2021

Particulars

1 2 02020 2 - 02 2 - 02021

Amount

Subscription to Associations

(in Rs.) Year ended 31st March 2020 Amount

2,61,250

2,65,000

Meeting expenses

2,61,262

20,14,281

Printing & Stationery

1,70,705

2,14,304

Electricity Charges

2,39,012

3,32,453

Telephone Charges

1,00,505

91,367

Travel Expenses

24,158

2,40,971

Rates and Taxes

1,75,559

3,31,427

Repairs and Maintenance

8,28,162

7,91,662

28,067

63,147

Postage and courier Insurance Payment to Auditors

ICCM

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Audit Fee Other services Professional & Consultancy Expenses Miscellaneous Expenses

MCCI

38,222

38,808

50,000

38,000

2,15,400

8,01,218

43,518

70,526

24,73,820

53,43,164

The Madras Chamber

Annual Report 2020 - 2021 103

FINANCIALS 2020-21

SCHEDULES FORMING PART OF ACCOUNTS

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

Note no. 12 Notes on Accounts

1. Significant Accounting Policies : Accounting Convention : The financial statements are prepared under historical cost convention. Revenue Recognition : Accrual basis of accounting is followed except for subscription income, which is accounted on receipt basis as a prudent accounting policy. Fixed Assets :

With regard to leave encashment, provision is made on the basis of encashment of leave upto a maximum of 180 days at the time of retirement or reaching the age of superannuation calculated at the last drawn salary rates.

2. Notes a. Income Tax Provision for tax represents tax liability on account of non application of accumulated surplus for earlier years amounting to Rs 7,24,662/- under section 11 of the Income Tax Act 1961.

T R OANNUAL P E R L Ab.COVID UN REPORT N-19Awhich was declared as a pandemic by

Fixed assets are stated at cost. Cost includes acquisition and installation expenses. Depreciation :

1 2 02020 2 - 02 - 02021 2

Depreciation is provided on straight line method on the basis of the estimated useful lives as determined by the Chamber. In respect of additions and deletions, depreciation is restricted to the period of use. Residual value of assets considered at Rs 1 and the rates of depreciation are as under. Building 10% Electrical Installations

25%

Furniture & Fixtures

25%

Office Equipment

25%

Computers 33%

ICCM

Vehicles 25% Investments :

WHO on March 11, 2020, still continues to cause unprecedented level of disruption on socioeconomic front across the country and also across the globe. With the second wave of the pandemic with its different variants, and with the intermittent lockdowns announced by the State and Central Governments, economic uncertainties still prevail.

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As a result, the Chamber is unable to accurately predict the full impact that COVID- 19 will have on their results of preparations, financial condition, liquidity and cash flows due to numerous uncertainties, including the duration and severity of the pandemic as normalcy is yet to return. The Chamber has however made a detailed assessment of the liquidity position for the next year and of the recoverability and carrying values of its assets, and has concluded that there are no material adjustments required in the financial results as on 31st March 2021. The Chamber continues to monitor the developments as they emerge.

MCCI

The Madras Chamber

Investments are stated at cost.

c. Transaction in Foreign Currency

Retirement benefits :

Liability towards gratuity is based on actuarial valuation by LIC. Contribution towards Superannuation fund is maintained by LIC. All contributions are charged to revenue when due.

d. Previous year’s figures have been regrouped/ reclassified wherever necessary to conform to the presentation of current year’s accounts.

104 Annual Report 2020 - 2021

2020-21

2019-20

Nil

Rs 24,983

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY Information Dissemination v Updates the members on an on-going basis, the changes in rules, regulations, policies and legislations impacting businesses, market opportunities, emerging technologies and other relevant matters v Commissions studies on subjects of importance which affect the trade & industry as and when required v Publishes a Directory of Members once in two years for distribution v Circulates a bimonthly Bulletin “Chamber In Touch” with host of relevant information v Recommend annually to member companies Commercial Holidays and Charter Party Holidays to be observed.

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

Knowledge updation and capacity building v Organize seminars, workshops and conferences on topics of current interest for the benefit of members. v Conduct trainings and workshops on finance, managerial , taxation , HR topics for the executives and staff v Provide trainings for fresh recruits of member companies v Offer certificate / short duration courses for employees on various relevant topics like Industrial Engineering, Taxation , EXIM procedures etc Trade Facilitation v Issuing Certificate of Origin for export shipments and attesting various other documents for members. v Issuing visa recommendation letters for member companies for business visits abroad. v Organize meetings with visiting delegations to foster business collaborations. v Organize outbound delegations / exposure visits / participation in overseas trade fairs for member companies.

T R OANNUAL PER LAUN NA REPORT

Networking Opportunities

1 2 02020 2 - 02 2 - 02021

Provides a platform to network and promote one’s business, through the various meetings, workshops, round tables etc. periodically organised.

Liaising , Lobbying & Advocacy v Liaise and maintain a good rapport with different government departments, institutions, Diplomatic Missions in Chennai. v Represent the issues of members to appropriate authorities for grievance redressal. v Facilitate periodical interactions with Government officials for sharing our inputs and drawing their attention to ground issues to lobby for policy changes. v Facilitates knowledge sharing between members and industryreexperts bmahC sardaM ehT v Provides expert advice/ counseling to members through various expert committees.

ICCM

Arbitration Offer professional assistance for Arbitration of commercial disputes between member companies and other companies.

MCCI

The Madras Chamber

In the words of

John Alves Arbuthnot the First Chairman of the Chamber ... " ... watch over and protect the interests of trade; receive and collect information on all matters of mercantile interest bearing upon the removal of grievances and promotion of the common good; receive references on matters of custom or usage in doubt or dispute, decide on the same and record the decisions made for further reference; and to form by that and other code of practices whereby the transaction of business by all companies engaged in it are simplified and facilitated”.

T R OANNUAL PER LAUN REPORT NA

1 2 02020 2 - 02 - 02021 2

ICCM

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MCCI

The Madras Chamber

MCCI

The Madras Chamber

Karumuttu Centre, I floor, 634 Anna Salai, Nandanam,Chennai-600035 Tel: 24349871/24349720 Email:madraschamber@madraschamber.in www.madraschamber.in