Mcci annual report 2013 by Madraschamber

ANNUAL REPORT 2012 -13

Annual Report

April 2012 - March 2013

The Madras Chamber of Commerce & Industry

ANNUAL REPORT 2012 -13

President’s Report

Dear Members Greetings! I am happy to place before you the 177th Annual Report of The Madras Chamber of Commerce & Industry. As usual, the Chamber was quite active during the year carrying forward the new initiatives undertaken during the 175th year celebrations along with its other activities. The Food For Thought initiative, the monthly breakfast meetings continued and deliberated issues of topical nature including Legislation on Food Security; Rupee?, Right (way) to Information; Realising SME Aspirations; Interest Rates & Economic Growth; Allocation V/s Auctioning of Economic Resources; Competition Law – Leveling the Play Ground? and finally the State of Indian Economy. The Chamber had the benefit of eminent panelists at all these events and with members also actively participating, FFTs have now become our signature events. During the 175th year, the Chamber had started its Skill Development Centre Initiative. During the course of this year, we continued our pilot programme in rented premises, organizing training programmes including Basic Fitter Course, Computer skills, etc. We have developed Soft skill modules on communication, organizational behaviour, inter-personal relationships, safety, etc. These were provided both in English and vernacular language so that even our school drop out trainees could benefit from the training. The trained candidates were placed in employment. We have also started a finishing school programme to enhance the career options for college students and improve their employability on graduation. Programmes on Accounts, Taxation, Exim procedures and Industrial Engineering are now ready for roll out. A Joint Certificate Programme on Global Trade Management has been proposed in partnership with the University of Madras. This should be offered in the coming academic year. As part of the 175th year celebrations, we had planned to set up a permanent Skill Development Centre. On this front, we have started the process of getting the necessary approvals for construction at our own property at Koppur village in Tiruvallur District. Once this centre is built, I am certain that it will be an asset to the industries in the neighbourhood and elsewhere. It would also be a prestigious icon for the Chamber. The Sustainable Chennai Forum that we had launched during the World Habitat Day celebrations in 2011 has been active throughout the year and organized two major programmes. The first was a Conference on Creating Carbon Neutral Chennai :Planning for Integrated Freight Movement. We were honoured by the presence of Dr APJ Abdul Kalam, former President of India as the Chief Guest during this programme. We also conducted a Seminar on Changing Cities - Building Opportunities. The General Committee continued to discuss and debate the developments in the Port and logistics sector during this year as it impacts all our members. Thanks to the effort of our members and the support of the Hon’ble Minister for Shipping, the Chamber’s representation in the Board of Chennai Port 3

Trust was restored after a gap of 12 years. We are also represented on the Advisory Board of Ennore Port Ltd. During the year, we organized exposure visits to Krishnapatnam Port, the newly opened Kattupalli Port as well as the Chennai Container Terminal. The Chamber teams were impressed by the facilities available at these Ports and could get a first hand knowledge of the services and challenges facing the Ports. Ennore Port Ltd. also had its first business interaction meeting with our Chamber during February. During the year, we had a high level delegation from the Port of Antwerp led by Mr Marc Van Peel, Chairman, Port of Antwerp and Ms Cathy Berx, Governor, Antwerp Province. Mr.Raj Khalid, Representative - India, Port of Antwerp coordinated the event and the B2B meetings at Chennai. Subsequently, on the invitation of the Port of Antwerp, the Chamber took a delegation to the Port of Antwerp and its neighbouring ports Zeebrugge and Ghent as well as Rotterdam Port in The Netherlands. We anticipate significant activities in the Port and logistics area over the next year. The Tamil Nadu Vision Document 2023, figured in many of our discussions in the Committee. In this background it was decided that the Chamber should look at proposing specific projects that would accelerate the growth of industry in Tamil Nadu. The Chamber is pursuing this idea with all seriousness. We had several visiting delegations during the year notably a delegation from San Antonio, US led by Mr Julian Castro, Mayor, City of San Antonio. There was also a business delegation from Oman, a delegation from Tianjin, China, etc. and B2B meetings were organized with all these delegations for the benefit of our members. Many consular corps were keen to connect with the Chamber and the Chamber organised interactive meetings with Dr Wolfram Moritz, Austrian Trade Commissioner, H.E. Rizali W. Indrakesuma, Indonesian Ambassador, H.E. Mr. Alphonsus Stoelinga, The Netherlands Ambassador and others. While the Chamber history is replete with many red letter days and we have had a galaxy of dignitaries addressing our Chamber, there was one large gap. So far, we never had a sitting President of India addressing our Chamber. We were extremely fortunate that during this year, we had the honour of felicitating His Excellency, Shri Pranab Mukherjee on 8th September during his visit to Chennai. It was a matter of great pride and privilege to the Chamber and its members that we were the first Business Chamber that the President of India addressed after assumption of office. His Excellency, Dr K. Rosaiah, Governor of Tamil Nadu also participated in the meeting which was extremely well attended. The Chamber’s flagship events like the Budget workshop, All India workshop on Indirect Tax Laws, etc. were organized successfully as ever, as also a number of other programmes. All in all, it was another interesting and rewarding year. The participation of our members in the programmes has been overwhelming and I should specially thank everyone for this. l wish to place on record my great appreciation and sincere thanks to all my colleagues on the General Committee and various Expert Committees for their unstinted support and wise counsel, to all the members for their continuing support to the Chamber, the media for its coverage of the Chamber’s activities, the Secretary General and the entire team in the Chamber secretariat for their untiring contribution in making this another eventful year. Best wishes

T Shivaraman President

ANNUAL REPORT 2012 -13

OUR MISSION

◌ It is our Mission to proactively influence public policy and practice on issues which impact economy, trade, commerce and industry as also social processes such as education and health, infrastructure and environment.

◌ Reliability, timeliness, innovation and work ethic of high order is our offer to support and serve our members.

VALUES AND BELIEFS 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 will act as a responsible law abiding Chamber and will make effective contribution to the society will jointly work with members for improving continuously the quality of work life

ANNUAL REPORT 2012 -13

General Committee 2012-13

President: Mr T Shivaraman Managing Director & CEO Shriram EPC Ltd.

Vice-President: Mr S G Prabhakharan Chairman XS Real Properties Pvt. Ltd.

Members (Elected):

Mr R Anand Partner – Tax & Markets Ernst & Young LLP

Mr Arjun Durai Managing Director San Media Ltd.

Mr B C Datta Senior General Manager Hyundai Motor India Ltd.

Ex-Officio: Mr T T Srinivasaraghavan Managing Director Sundaram Finance Ltd.

Mr T A Brahmendra Barathi Vice-President (Supply Chain) Wheels India Ltd.

Members (Co-opted):

Mr S Gopal Managing Director Chemplast Sanmar Ltd.

Mr Gautam Venkataramani Executive Director – Corporate Affairs India Pistons Ltd.

Mr Ishwar Achanta Managing Director Viking Shipping (Chennai) Pvt. Ltd.

Mr J Krishnan Partner S Natesa Iyer & Co.

Mr S Mohan Senior Partner Patel Mohan Ramesh & Co.

Dr. K Nirmala Prasad Syndicate Member, University of Madras & Principal M O P Vaishnav College for Women

Mr V Murali Senior Partner Victor Grace & Co.

Mr Ramkumar Shankar Executive Director Chemplast Sanmar Ltd.

Mr R Raghuttama Rao Managing Director ICRA Management Consulting Services Ltd.

Mr V Ranganathan Partner – TCE Tax & Regulatory Services Ernst & Young LLP

Dr K V Rajendran Advisor Neophyll Agrisciences Pvt. Ltd.

Mr A R Subramanian Chief Financial Officer & Company Secretary Schwing Stetter India Pvt. Ltd.

Mr G V Raman Executive Chairman Shriram Transport Finance Co. Ltd. Ms. Rupa Gurunath Wholetime Director The India Cements Ltd. Mr K Vaitheeswaran Advocate & Tax Consultant Mr Vijay P Chordia Director Stonecolour Exim Private Ltd. Dr Vinod Surana CEO & Partner Surana & Surana International Attorneys

Mr M V Ananthakrishna Executive Director M K Raju Consultants Private Ltd. Mr D P Devnath Executive Director Eurocon Tiles Dr S Gurusamy Professor and Head – Dept. of Commerce University of Madras Dr R Mahadevan Group Technology Director India Pistons Ltd.

ANNUAL REPORT 2012 -13

Mr G Srinivasan Chairman & Managing Director New India Assurance Co. Ltd.

Mr L Sabaretnam Director Coromandel Sugars Ltd.

Mr M R Venkatesh Partner GSV Associates

Mr N Sankar Chairman The Sanmar Group

Mr N Vittal Former Central Vigilance Commissioner

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

Mr R Vittal Raj Partner Kumar & Raj

Mr A Sankarakrishnan Former Managing Director Kone Elevator India Pvt. Ltd.

Special Invitees: (Past Presidents) Mr V Balaraman Chairman, CAMS

Mr N Srinivasan Senior Partner (Retd.) Fraser & Ross

Mr Hari Eswaran Chairman Easun Group

Mr N Srinivasan Vice-Chairman & Managing Director The India Cements Ltd.

Ms. Mallika Srinivasan Chairman & Chief Executive Officer Tractors & Farm Equipment Ltd.

Mr N Venkataramani Chairman & Managing Director India Pistons Ltd.

Mr Murali Venkatraman Vice-Chairman & Managing Director W S Industries (I) Ltd.

PROGRAMMES AT A GLANCE Food For Thought

Video Discussions

Seminars/Workshops/Conferences

Round Table Discussions/Discussion Meetings

Training Programmes

Visits of Delegations

Meeting with Consular Corps.

Press Meets

General Meetings

General Committee Meetings

Expert Committee meetings

Representations made to Government

ANNUAL REPORT 2012 -13

Programmes APRIL 2012 – MARCH 2013 17th April 2012:

27th May 2012:

MCCI & MMA Video Discussion on “What’s Trust Got to do with it?”

RK Talwar Memorial Lecture:

Resource Expert: Ms S N Padmaja, Trainer.

Speakers: Mr R Seshasayee, Senior Executive Vice-Chairman, Ashok Leyland Ltd., Mr N Vaghul, Former Chairman, ICICI Bank, Dr Surendra Dave, Former Chairman, SEBI and Mr T T Srinivasaraghavan, President, MCCI.

28th April 2012:

FFT on Legislating Food Security: Resource Experts: Mr M R Sivaraman, IAS., (Retd.), Former Revenue Secretary, Government of India and Trustee, National Agro Foundation, Prof. Venkatesh Athreya, Advisor for Security Programme, MSSRF and Mr M R Venkatesh, Policy Analyst. .

30th May 2012:

Presentation on Roadmap for India as Superpower 2020: Resource Expert: Mr N C Narayanan, Founder & CMD, SSA Business Solutions and his team.

4th May 2012:

Presentation on MCCI Vocational Training and Skill Development Centre:

2nd June 2012:

5th May 2012:

Resource Experts: Dr R Ramesh Kumar, Associate Professor, Tamil Nadu Institute of Labour Studies, Government of Tamil Nadu, Mr N Natarajan, Employees’ State Insurance Corporation and Mr C V Gopal, Employees’ Provident Fund Organisation, Chennai .

Training Programme on Factories Act, Labour Laws, Labour Welfare Laws and Allied Issues: Resource Experts: Dr R Ramesh Kumar, Associate Professor, Tamil Nadu Institute of Labour Studies, Government of Tamil Nadu, Mr N Natarajan, Employees’ State Insurance Corporation and Mr C V Gopal, Employees’ Provident Fund Organisation, Chennai. 10th May 2012:

MCCI & MMA Video Discussion on “Attitude : A Little Thing that makes a Big Difference”: Resource Expert: Mr Raj Kalkaji, Trainer. 18th May 2012:

Seminar on Service Tax – Past, Present & Future: Speakers: Mr.K.Srivatsava IRS., Chief Commissioner for Central Excise & Service Tax, Chennai, Mr.N.S.Balachandra Datta, Senior General Manager, Hyundai Motor India Ltd. Mr R Renugan, Superintendent, Service Tax Commissionerate, Chennai, Mr N Venkatakrishnan, Inspector, Service Tax Commissionerate, Chennai Mr.B.Sriram, Executive Director-Tax Regulatory Services, PWC, Chennai and Mr.Hari Sudan, Senior Manager, PWC, Chennai. 19th May 2012:

FFT on Rupee? Resource Experts: Dr S Narayan, IAS.,(Retd.) and Dr Bobby Srinivasan, Distinguished Professor, IFMR.

Training Programme on Factories Act, Labour Laws, Labour Welfare Laws and Allied Issues:

6th June 2012:

Conference on Creating Carbon Neutral Chennai : Planning for Integrated Freight Movement: Key Speakers: Dr A P J Abdul Kalam, former President of India, Dr V Sumantran, Vice-Chairman, Ashok Leyland Ltd., Mr T K Ramachandran, IAS., Secretary to Government, Highways and Minor Ports Department, and Mr Gopal Srinivasan. Technical Speakers: Mr Amir Hamza, Athena Infonomics, Mr G Dattatri, Former Chief Urban Planner, CMDA, Mr Nirmal Kumar Joshi, IPS., Deputy Commissioner of Police – Traffic, Government of Tamil Nadu, Mr V Kalyana Rama, Chief General Manager, Southern Region, CONCOR, Mr K Swaminathan, Associate Director, Climate Change & Sustainability Services, Ernst & Young, Chennai, Mr T A Brahmendra Barathi, Vice-President, Supply Chain, Wheels India Ltd., Mr Raj Khalid, India Representative, Port of Antwerp, Mr Vatsal Bhatt, Brookhaven National Laboratory, US, Mr G Varadaraj, Traffic & Transport Expert, Balaji Railroad Systems Ltd. (BARSYL), Ms. M Geetha, Senior Planner, Traffic Transportation Unit, CMDA, Dr P Sai Prasad, Dy. Director, Entrepreneurship Development Institute, Mr I G Reddy, CGM(Technical) & Regional Officer, NHAI, Chennai Region, Dr V Tamizh Arasan, Professor, Transportation Engineering Division, Department of Civil Engineering, IIT-Madras, and Mr J Krishnan, Chairman, Expert Committee on Logistics, MCCI.

ANNUAL REPORT 2012 -13

18th June 2012:

21st July 2012:

MCCI & MMA Video Discussion on “You are Not Listening”:

National Conference on Chennai-Bangalore Industrial Corridor – Issues, Opportunities and The Way Forward:

Resource Expert: Ms. Nitasha Sharma, Trainer. 23rd June 2012:

Presentation & Discussion on Energy Management System & ISO 50001: Resource Experts: Mr M K Vinod Kumar, Certification Manager and Mr Vijayakumar, Bureau Veritas Certification India Ltd., Mr Raja Chidambaram and Mr C Velan, Executive Director & CEO, Tril Infopark Ltd. , Ramanujam IT City. 26th June 2012:

Interactive meeting with Mr Anthony P Iriti, Former Mayor of Findlay Township, Ohio, USA and currently Director, Findlay – Hancock County Economic Development Council.

Speakers: Mr. Ravindra Sannareddy, Chairman, Southern Region, ASSOCHAM and Managing Director & CEO, Sri City Pvt. Ltd. Mr. T.T.Srinivasaraghavan, President, MCCI, Mr.C.Kandasamy, Director General (Road Development) & Special Secretary, Ministry of Road Transport & Highways, Government of India, Dr. Rajkumar Khatri, Secretary, Infrastructure Development Department, Govt. of Karnataka, Dr. J Geeta Reddy, Hon’ble Minister for Major Industries, Sugar, Commerce & Export Promotion, Govt. of Andhra Pradesh. Mr.R.Raghuttama Rao, MD, ICRA Management Consulting Services Ltd., Mr. Shin Oya, Chief Representative (India), Japan Bank for International Cooperation, Mr.Shekar Viswanathan, Dy.MD, Toyota Kirloskar Motor Pvt. Ltd., Bangalore, Mr. Vinay Sharma, MD, Oilfield Warehouse Services Ltd. and Mr. Hitender Mehta, Partner, Vaish Associates.

28th June 2012:

Workshop on Finance Act 2012 – A New System of Taxation: Resource Experts: Mr K Vaitheeswaran, Chairman, Expert Committee on Indirect Taxes and Mr P R Subramaniyan, CoChairman, Expert Committee on VAT, Mr B Sriram, Member, Expert Committee on Indirect Taxes and Mr K K Sekar, Co-Chairman, Expert Committee on Indirect Taxes.

24th July 2012:

Interactive meeting with Ms. Sarah Allen, Director, Field Work Enterprise, UK: Resource Experts: Ms. Sarah Allan and Mr Paul Lavelle, Directors of Field Work Enterprise, UK, Mr M G Devasahayam, Member of CMDA and Mr G Dattatri, former Chief Urban Planner, CMDA. 4th August 2012:

30th June 2012:

FFT on “Right (Way) to Information”: Resource Experts: Mr K S Sripathi, IAS., (Retd), State Chief Information Commissioner, Mr N L Rajah, Advocate and Board Member, Citizen Consumer and Civic Action Group(CAG) and Mr Jeeva, Journalist and RTI Activist.

176th Annual General Meeting: Speakers: Mr S Ramadorai, Vice-Chairman, Tata Consultancy Services and Mr S N Subrahmanyan, Wholetime Director and Senior Executive Vice-President (Construction), Larsen & Toubro Ltd. 17th August 2012:

4th July 2012:

Seminar on Vision Tamil Nadu - Building Sustainable Tomorrow – The Banking Perspective:

Interactive Session on Current Global Scenario – Problems and Prospects of Indian Exports:

Speaker: Dr Subir Gokarn, Deputy Governor, Reserve Bank of India.

Resource Experts: Mr H A C Prasad, Senior Economic Advisor, Ministry of Finance, Government of India and Mr M R Venkatesh, Member, General Committee, MCCI

13th July 2012:

25th August 2012:

MCCI & MMA Video Discussion on “Time Management”:

FFT on Realising SME Aspirations:

Resource Expert: Mr M Vijay Balaji, Consultant in HR and Marketing.

Resource Experts: Mr S Seetharaman, Chairman & Managing Director, Super Auto Forge Pvt. Ltd., Prof. Padmanand, International SME Expert for UN Organisation and Mr Parag Patki, Chief Executive Officer, SMERA Ratings Ltd.

14th July 2012:

Workshop on Finance Act 2012 – A New System of Taxation: Resource Experts: Mr K Vaitheeswaran, Chairman and Mr K K Sekar, Co-Chairman, Expert Committee on Indirect Taxes, MCCI.

31st August 2012:

Presentation-cum-Interaction on Leveraging Social Media for Business: Resource Expert: Mr Hareesh Tibrewala, Co-Founder and CEO of Social Wavelength.

ANNUAL REPORT 2012 -13

8th September 2012:

27th October 2012:

Felicitation meeting:

FFT on Allocation V/s. Auctioning of Economic Resources:

Chief Guest: H. E. Shri Pranab Mukherjee, President of India and H.E. Dr K Rosaiah, Governor of Tamil Nadu.

Resource Experts: Mr N R Krishnan, IAS., former Secretary, Ministry of Environment and Forests, Government of India and Mr N Venkataraman, Senior Advocate, Supreme Court.

13th September 2012:

MCCI & MMA Video Discussion on “Motivation : Igniting Exceptional Performance” Resource Expert: Mr S Pirama Nayagam, HRD Consultant and Chief Education Officer of Deeksha Learning Services.

7th November 2012:

MCCI & MMA Video Discussion on “Even Eagles Need a Push” Resource Expert: Mr Prem Kamble, Trainer .

22nd September 2012:

9th November 2012:

FFT on Interest Rates & Economic Growth:

Seminar on Changing Cities : Building Opportunities:

Resource Experts: Mr T B Kapali, Economic Consultant, Mr G Ramachandran, Financial Analyst, Mr V Suri, Vice-President and Head of Corporate and Strategic Planning, Murugappa Group and Mr M R Venkatesh, Policy Analyst.

Key Speakers: Mr K Phanindra Reddy, IAS., Secretary, Housing & Urban Development, Government of Tamil Nadu and Mr Mike Nithavrianakis, British Deputy High Commissioner.

29th September 2012:

Chamber Day: Speakers: Mr Ajay Shankar, IAS., (Retd.), Member Secretary, National Manufacturing Competitiveness Council, New Delhi and Mr Vish Viswanathan, Managing Director, Visteon India. 11th October 2012:

MCCI & MMA Video Discussion on Personal Goal Setting – Journey to Success: Resource Expert: Mr G Abhishek, Entrepreneur and Founder of PDF Consultants. 12th & 13th October 2012:

All India Workshop on Indirect Tax Laws: Chief Guests: Mr M Jaichandren, Hon’ble Justice of the Madras High Court (Inaugural session) and Mr R Periasami, IRS., Commissioner of Service Tax, Chennai (Valedictory session).

Technical Speakers: Dr R Srinivasan, Associate Professor, Department of Econometrics, University of Madras, Mr A Aravamudhan, Chief Operating Officer – HR, Lucas TVS Ltd., Mr Shanker Gopalakrishnan, President, Madras Consultancy Group, Dr R Maria Saleth, Director, Madras Institute of Development Studies, Mr M K Padmanabhan, Advisor, Education, Research & Innovation, Marg Group, Mr M Murali, Managing Director, Shriram Properties Pvt. Ltd., Dr M Mathews, Director – Hospital, Voluntary Health Services, Prof. D S Hanumantha Rao, Former Member, Tamil Nadu Electricity Regulatory Commission, Mr Shyam Ramachandran, CityConnect, Mr Anand Madhavan, Dy. General Manager, ICRA Management Consulting Services Ltd., Dr R Hema, Associate Professor, Madras School of Economics, Mr S Mani, Chairman, Industrial Waste Management Association and Mr Jitesh Brahmkshatriya, Head – Environmental Planning, W S Atkins (India) Pvt. Ltd. 1st December 2012:

Visit to Krishnapatnam Port. Technical Speakers: Mr Joseph Prabakar, Advocate & Tax Consultant, Ms Aparna Nandakumar, Advocate & Tax Consultant, Mr K Vaitheeswaran, Advocate & Tax Consultant, Ms. Bhargavi Natesan, General Manager – Finance, Cognizant Technology Solutions, Mr P Purushotham, Advocate, Ms. Jayashree Parthasarathy, Director, BMR Associates, Bangalore, Mr N Venkataraman, Senior Advocate, Supreme Court, Mr B Sriram, Executive Director, Tax Regulatory Services, PWC, Mr Shailesh P Seth, Advocate, Mumbai, Mr J Krishnan, Partner, S Natesa Iyer & Co., Mr N Viswanathan, Advocate, Chennai and Mr K K Sekar, DGM, Indirect Taxes, Ashok Leyland Ltd. 18th October 2012:

Talk on “Re-engaging Europe – Is the Opportunity Real”? Resource Expert: Mr Simon Devlin, Managing Director, Full Circle Management Solutions, UK. 9

5th December 2012:

Meeting with Registrar of Companies: Resource Expert: Mr Henry Richard, Registrar of Companies, Chennai. 15th December 2012:

Conference on Power Dynamics and Future Perspectives: Key speakers: Mr P S Bami, President, India Energy Forum and former CMD, NTPC, Mr R Raghuttama Rao, Managing Director, iMaCS, Mr K V Rangaswami, Advisor to Chairman, L&T, Mr Anil Razdan, Former Secretary (Power), Government of Tamil Nadu, Mr S Kabilan, IAS., (Retd.), former Chairman, Tamil Nadu Electricity Regulatory Commission, Mr B Bhambhani, Convenor (Power), India Energy Forum and Mr D J Pandian, IAS., Principal Secretary, Energy & Petrochemicals Department, Government of Gujarat.

ANNUAL REPORT 2012 -13

Technical speakers: Mr J Mahil Selvan, Director – Power, NLC, Mr N Suresh Kumar, Vice-President & Head, Thermal Power Plant Construction, L & T Power, T Sankaralingam, Managing Director, BGR Energy, Dr S Gomathi Nayagam, Executive Director of C-Wet, Mr Pasupathy Gopalan, Vice-President and Managing Director, South Asia and Sub-Saharan Africa Operations, MEMC, Sun Edison, Mr C N Srinivasan, Partner of C R Narayana Rao LLP, Mr V Subramaniam, former Secretary, MNRE, Government of India, Mr K Balu, former Director, Nuclear Recycle Group, BARC, Mr T J Kotteeswaran, Station Director, Madras Atomic Power Station, Kalpakkam, Mr P Puthiyavinayagam, Associate Director, Core Design Group, IGCAR, Prof. M Subramanian, South Zone Convenor for India Energy Forum and Mr Amarjit Singh, Secretary General of India Energy Forum.

22nd January 2013:

Workshop on Energy Conservation Building Code: Resource Experts: Mr Ajit Kumar Chordia, India Green Building Council, Mr T Chitty Babu, National President, CREDAI, Mr T Appavoo, Chief Electrical Inspector, Government of Tamil Nadu, Mr K Balakrishnan, United Technologies and US India Energy Co-operation Programme, Mr T N Prathap, AECOM, Mr Sriram Narasimhan, Ingersoll Rand, Mr Shiv K Batra, United Technologies and Mr Skandha Prasad, Honeywell. 23rd January 2013:

Interactive Meeting with Dr Wolfram Moritz, Austrian Trade Commissioner: 25th January 2013:

21st December 2012:

FFT on Competition Law – Leveling the Play Ground: Resource Experts: Mr A V Ganesan, IAS., (Retd.), former Commerce Secretary, Government of India, Mr Samir R Gandhi, Partner, AZB Partners, New Delhi and Mr R Prasad, Member, Competition Commission of India.

Meeting with Delegation from San Antonio: Speakers: Mr Julian Castro, Mayor, City of San Antonio, USA and his delegation Ms. Jennifer Mclntyre, US Consul General and Mr V Sriram, Chief Operating Officer, ICRA Management Consulting Services Ltd. 28th January 2013:

26th December 2012:

MCCI & MMA Video Discussion on Office Safety: It’s a Jungle in There: Resource Expert: Ms Janani, Corporate Trainer and Consultant.

Meeting with Mr Rizali W Indrakesuma, Ambassador for Indonesia in India. 30th January 2013:

Programme on Doing Business in the US: 5th January 2013:

Talk on Emerging Trends in India:

Resource Experts: Dr James Ziegler and Mr Thomas Joy, Senior Attorney, VisaPro LLC, USA.

Resource Expert: Dr Amitendu Palit, Head – Development & Programmes and Visiting Senior Research Fellow, Institute of South Asian Studies (National University of Singapore).

4th February 2013:

10th January 2013:

Speakers: Ms.Cathy Berx, Governor of Port Antwerp and accompanied by Mr.Marc Van Peel, Chairman of Port Antwerp and others.

Seminar on Companies Bill 2012: Resource Experts: Ms. Bhavani Balasubramanian, Chairperson, Expert Committee on Company Law/Corporate Matters, Mr P H Arvindh Pandian, Senior Advocate and Additional Advocate General of Tamil Nadu, Ms. B Chandra, former Deputy Registrar, MCA and Practising Company Secretary, Mr N R Sridharan, Partner, Sarathy & Balu, Chartered Accountants and Dr B Ravi, Practising Company Secretary. 19th January 2013:

Visit to Kattupalli Port

Meeting with Delegation from Port of Antwerp:

8th February 2013:

MCCI & MMA Video Discussion on “Ethics : The Logic of Right” Resource Expert: Mr M Vijay Balaji, Consultant in HR and Marketing. 11th February 2013:

Visit of Business Delegation from Oman and PAIPED Oman – India Matchmaking Trade Conference:

Visit of Business Delegates from Tianjin, China:

Resource Experts: Mr Takab Al Makhmari, Director of Export Development, PAIPED (Public Authority for Investment Promotion and Export Development), Mr Saurabh Ranadive, Senior Consultant, Avalon Consulting.

Mr Zhang Guoqing, Chairman, Federation of Chambers of Commerce & Industry, Beichen, Tianjin, China and his team.

15th February 2013:

21st January 2013:

Trade Meet with Ennore Port Officials: Key Speakers: Mr M A Baskarachar, CMD, Ennore Port, Mr S 10

ANNUAL REPORT 2012 -13

N Srikanth, Senior Partner, Hauers Associates, and Mr Senthil Kumar, General Manager – Operations, Ennore Port. Technical Speakers: Mr Sanjay Kumar, Director – Operations, Ennore Port, Capt. Suresh N Amirapu, Managing Director, Portman India Ltd. Mr Pankaj Gadhia, CEO, Lemuir Group, Mr P C Johny, Director – South, APL India Pvt. Ltd., Mr R V Umasankar, President, Chennai Port Stevedores’ Association, Mr G Raghu Sankar, Member, Chennai Custom House Agents’ Association, Mr M S Arun, Chairman, Chennai Chapter, National Association of Container Freight Stations, Mr V Ramanan, Divisional Commercial Manager, Brakes India Ltd. and Mr J Krishnan, Partner, S Natesa Iyer & Co.

2nd March 2013:

Post Budget Workshop 2013-14: Chief Guest: Ms. Chitra Venkataraman, Hon’ble Justice of the Madras High Court. Key Speakers: Mr Sriram Seshadri, Partner, BMR & Associates and Chairman, Direct Taxes Committee, Mr K Vaitheeswaran, Advocate and Tax Consultant and Chairman, Expert Committee on Indirect Taxes, MCCI and Mr V Ranganathan, Partner, Ernst & Young & Member, General Committee, MCCI. 6th & 7th March 2013:

MSME National Level Vendor Development Programme – AIEMA Sourcing Fair 2013.

23rd February 2013:

FFT on State of Indian Economy: Resource Experts: Mr D Suresh Babu, Associate Professor, Department of Humanities & Social Sciences, IIT-Madras, Mr Raghuvir Srinivasan, Business Editor, The Hindu and Mr Lakshmi Narayanan, Vice-Chairman, Cognizant Technology Solutions.

11th March 2013:

MCCI & MMA Video Discussion on Effective Presentation: Resource Expert: Mr R A Nadesan, Corporate Trainer.

Mr S.Ramadorai, then Advisor to the Prime Minister in the National Skill Development Council and Vice-Chairman, Tata Consultancy Services Ltd. unveiled the logo for the MCCI Centre for Vocational Training & Skill Development on the occasion of the Chamber’s 176th AGM held on 4th August 2012. The logo is a graphical representation of the growth & development of an individual impacted by vocational training & focused skill development enabled by The Madras Chamber of Commerce & Industry in tandem with Corporates.The circular movement reiterated by the repetitive incremental figures of the individual signifies continuity, constant movement and consistent growth. The color of the individual graphic starts from a glowing yellow to an emphatic red to emphasize the empowerment of the individual through focused vocational training & skill development.

ANNUAL REPORT 2012 -13

INDIAN ECONOMY An overview: Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister released the document ‘Review of the Economy 2012-13’ on April 23, 2013. According to the document, in August 2012, the EAC had projected a likely growth rate for the economy of 6.7 per cent, a year-end inflation rate of between 6.5 and 7.0 per cent and a Current Account Deficit (CAD) of 3.6 per cent of GDP. At the end of the fiscal year, while the inflation forecast has turned out to be accurate, the actual growth rate at around 5.0 per cent is much lower than what was projected, while the CAD is likely to be considerably higher at about 5 per cent of GDP.

worsening current account balance has added to the slowdown.

Investment: The current level of investment in the economy at 35.0 per cent (2011-12) and 36.8 per cent (2010-11) of GDP, is still quite high. The only way to get the economy to move ahead to a higher growth trajectory by overcoming investment and implementation bottlenecks over the short term is to pursue reforms with energy and expedite clearances through the newly constituted Cabinet Committee on Investment. As stalled and delayed projects begin to move ahead, conditions will be created for new projects to come off the shelves for investment decision, order placement and financial closure. In the current context, achieving the production and capacity creation targets in the key infrastructure sectors such as coal, power, roads, railways and ports, which are largely in the public sector or publicprivate partnership (PPP) domain, will act as a great stimulus to private investment and faster growth.

Exports:

The divergence between expected growth rates and actual growth rates in both 2011-12 and 2012-13 is large. Yet, overall investment and fixed investment rates have remained reasonably high. At an aggregate level, the drop in domestic savings relative to investment has opened up a large current account deficit, which is considered equivalent to the “savings-gap” in conventional national accounting. The other notable factor is the persistence of high rates of inflation – especially of food items – and the direct impact this may have had on profitability and through that on investment behaviour. The obverse side of this is the monetary policy response, which simultaneously curbs demand and increases the cost of capital. The curb on demand can create a wedge between food and nonfood (manufactured) goods prices, and profitability. The Indian Economy has experienced its worst slowdown in nearly a decade on the back of global contractionary headwinds, domestic macro-economic imbalances and policy reversals on the fiscal front. 2012 has been a challenging year for the economy. The year started with news that the previous fiscal’s fourth quarter GDP had dropped to 5.5%. That coupled with low growth, macro-economic issues such as high fiscal deficit, expansionary subsidies and

The biggest export casualties in 2012-13 are engineering goods, manmade textiles and ready-made garments (RMG). The two important import-intensive export categories – gems & jewellery and refined petroleum products — also fared poorly. However, in the case of gems & jewellery, changes were made in the rules regarding the re-export of rough diamonds in recent years. The value of finished jewellery and polished gems exports has grown in the course of 2012-13, suggesting that overall exports of gems & jewellery may not have fared poorly. This also holds positive implications for the growth outlook for 2013-14. On the other hand, export of pharmaceuticals, and fine & other chemicals have continued to do reasonably well in 2012-13, underscoring the inherent competitiveness of this sector that can do even better. The export of refined petroleum products grew by nearly 6 per cent and is likely to expand further in 2013-14 as increase in domestic consumption of sensitive products eases a bit and new refining capacities come on line. In 2012-13 exports of rice and wheat have picked up strongly, but further increase in 2013-14 may not occur. Wheat exports have risen to 50.6 lakh tonnes in the ten month period April to Jan 2012-13, compared to 7.4 lakh tonnes in 2011-12. Indian wheat is fetching good prices and the value of exports in April 2012 to January 2013 was over Rs 8,000 crores or about $1.5 billion. The 12

ANNUAL REPORT 2012 -13

stock position of wheat is comfortable and policy is encouraging export as the new harvest is coming in. There has been a sharp drop in the value of iron ore exports on account of restrictions on mining and this situation may not change in 2013-14.

Imports: Big declines in the rates of growth occurred in 2012-13 in rough gems, machinery, electronic goods and fertilizer. Smaller declines were in evidence in gold, as well as in several intermediate products. There was also a small drop in imports of coal, where there had been a sharp increase in the previous years. Petroleum imports – crude, LNG, refined products and other gases (such as LPG) increased by 9 per cent, while chemical and drug intermediates showed modest increases – much as the export of these items also did.

Direction of Trade: The pattern of India’s merchandise trade is undergoing a structural shift. The rest of Asia, Africa and Latin America are becoming an increasingly important part of India’s trade portfolio. India’s exports to ASEAN countries fell by nearly 12 per cent in 2012-13, which is a matter of concern. This was a rapidly growing market in the previous two years and is a region where we have entered into FTA and have a range of common interests and logistic advantages. Performances of advanced economies continue to weigh on India’s growth story.

Foreign Direct Investment (FDI): In the period from 2007-08 to 2009-10, annual inbound FDI ranged between $33–35 billion, while outbound FDI was $14–19 billion, with net FDI inflow of $15–19 billion. There was a sharp decline in inbound FDI flows in 2010-11 to $24 billion, while outbound investments continued at a high level of $16 billion. The net FDI inflow in 2010-11 was less than $8 billion. In 2011-12, inbound FDI picked up to touch $33 billion, while outbound FDI fell to $11 billion, and the net inflow was $22 billion. In 2012-13, the first nine months had inflows of $21 billion which was smaller than the $29 billion in the corresponding period of 2011-12. The outbound FDI was marginally smaller, and the net inflow of $15 billion in the first nine months of 2012-13 was significantly smaller than the $21 billion in the same period of the previous year. It is estimated that for the full year of 2012-13 the net inflow of FDI was $18 billion – $26 billion inbound and $8 billion outbound. For 2013-14, it is projected that with supportive policies, it is possible to generate higher levels of inbound FDI flows of the order of $36 billion, comparable to four of the previous six years. Outbound FDI is also expected to increase, resulting in net FDI inflow of $24 billion. Growth and more particularly, industrial growth has slowed. But the 13

decline appears to have bottomed out. Overall economic growth is expected to rise to 6.4 per cent in 2013-14 from 5 per cent in the previous year. Investment and savings rates have come down. But economic growth has declined more steeply than what is warranted by the decline in investment. The main reason for this is that while capital assets have been formed, counterpart output has not flowed into the economy. Capital accumulated in projects is not yielding commensurate output, as the implementation of projects has slowed. The fact that even today savings and investment rates are at high levels reassures us that if we are able to smoothen the way to project completion and fruition, we will be able to usher in rapid growth in income. Policy and administrative actions such as the recently constituted Cabinet Committee on Investment can help to overcome obstacles in the speedy execution of projects. While even existing rates of investment should enable us to grow at 7.5 to 8.0 per cent over the short term, a return to higher levels of savings and investment can take us back to the very high levels of growth which we had seen earlier. Inflation continues to remain high, but there are definite signs that headline WPI inflation is coming down. Non-food manufacturing inflation remains around the comfort zone. As inflation comes down, it will create more space for monetary policy to support growth. The road map for fiscal consolidation has been well laid out. Government has shown its determination to contain the fiscal deficit. The current account deficit, however, remains a source of concern, despite the fact that the financing of the deficit has not been a problem so far. While in the short run, Government should take such actions that are necessary to encourage capital flows, over the medium term, we need to bring down the current account deficit to moderate levels. The next decade will be a crucial decade for India. If we grow at 8 to 9 per cent per annum, we will graduate to the level of a middle income country by 2025. It is once again a faster rate of growth which will enable us to meet many of our important socio-economic objectives.

Containing Inflation: While the momentum of inflation has reduced over the past year, the level of inflation in primary food articles remains at uncomfortably high levels, which is reflected in continuously high levels of CPI. The rate of inflation in manufactured goods has fallen off sharply although the danger of a fresh spike from wage and other cost pressures remain, as long as primary food inflation remains elevated. The country’s GDP growth at 5.3% in the second quarter is one of its lowest quarterly growth rates in the last decade and annual growth of 5% will be the lowest since 2002-03. The industrial sector, usually sizing more than one fourth of the total GDP, performed significantly below par this year with growth of mere 1% during the first half of 2012-13 as against 4.6% in first half of

ANNUAL REPORT 2012 -13

The sectoral picture

2011-12. The under-performing manufacturing sector, particularly the capital goods industries, poses a real challenge for the country. Though subdued investment activity may play a spoiler, systematic implementation of National Manufacturing Policy as well as rise in external demand will play a critical role in reviving industrial growth. In the agricultural sector, good winter crop sowing prospects are expected to overcome the negative effect of a deficient summer crop output. The yearly output is likely to be better than the 2.1% growth achieved in first half of 2013, though overall the year is expected to close at a lower level compared to earlier years. A larger concern exists on the services sector which has moderated during 2012. With “trade, hotels, transport, storage and communication” an important subsector in services performing the worst, various indicators of services sector activities such as cargo handling, civil aviation & railway freight etc. suggest further weakening of growth. Additionally, the uncertain global outlook is likely to affect services exports adversely. On the GDP expenditure side, growth in private consumption has moderated during 2012-13 due to high inflation coupled with low income growth. While investments have remained flat on account of issues such as project cost overruns and regulatory delays, gross capital formation has also decreased in the economy. Sectors such as road transport and highway, power, petroleum, railways, coal etc. continue to suffer due to lack of policy clearances and more importantly funds. It may take a while before the impact of retail sector reforms and policy initiatives to remove infrastructure bottlenecks and induce further investments are felt across the economy. However, there are early signs that the Indian economy may have bottomed out the growth. Clearly, a variety of initiatives are needed to address the various weaknesses that presently threaten the country’s growth story, and with it the promise of improved livelihoods and prosperity for the people. o Issues to be addressed: o Speedy project clearances: While the Constitution of the

Cabinet Committee on Investment has helped in speeding up project clearances, more needs to be done in the coming months so that new investment can be facilitated. In the current context, achieving the production and capacity creation targets in the key infrastructure sectors such as coal, power, roads, railways and ports, which are largely in the public sector or public-private partnership (PPP) domain, will act as a great stimulus to private investment and faster growth. o Reducing CAD: Net oil imports and gold account for bulk of the increase in merchandise trade deficit. Price and subsidy reforms in petroleum products need to be completed to control our oil import bill. It is also vitally necessary to encourage exports of both merchandise and services. As inflation is brought under control, peoples’ appetite for gold will also diminish. Maintaining an attractive return in financial assets will also help in bringing down the demand of gold. o Managing the capital account: To ensure that the CAD is comfortably financed, capital inflows will need to be encouraged and, where necessary, procedures streamlined. o Improving Net Energy Availability: There is a close link between our dependence on imports of oil and natural gas and our external payments situation. Hence, steps should be taken to improve the energy economy in all aspects-production, transformation and final use. Facilitating an increase in domestic coal production will make a substantial difference. The conditions for exploration and production of hydrocarbons must be improved to increase domestic supply. o Containing inflation: Both supply side management and the approach to administered pricing have to be informed about the urgency in regard to stabilizing primary food inflation at a lower level. o Reforms in Agricultural Marketing and Supply Chains: The Agricultural Produce Marketing Committee Act (APMC Act) prevailing in a number of States limits the freedom of farmers to sell, and this has prevented the modernization of the supply chain and also contributes to primary food inflation. Regulatory obstacles in the way need to be cleared. o Moving Savings Products: Over the past few years there have been serious setbacks in the distribution of savings products, especially mutual funds and life insurance. However, sales of mutual fund products, especially to smaller investors, have been continuously negative for some time and the premium growth in insurance was (-) 10 % in 2010-11 and 2011-12, after strong growth in previous years. There is a need to reverse this decline in investment in financial assets through more attractive savings products and environment. 14

ANNUAL REPORT 2012 -13

The current state of the economy makes it necessary for the government to put in place a robust and implementable plan of action for its revival. The economy has experienced a consistent fall in the quarterly GDP growth since the beginning of 2011, alarmingly high levels of twin deficits viz. Current Account Deficit (CAD) and fiscal deficit as well as worrying volatility in the inflow of foreign investments. Though inflationary pressure has receded in the last quarter of 2012, it still remains above the target level of Reserve Bank of India (RBI). This along with other worrying economic indicators has put the Indian economy in a challenging pathway in the short term. A committed and well planned economic revival policy ,Strengthening fundamentals and boosting growth inducing investments, are the foremost considerations at this point of time.

There are of course some silver linings. There is a fundamental healing as two of India’s three macroeconomic problems are on the mend. Inflation is off its peak and appears to be in a secular decline. Two, fiscal balances are improving, with the key deficit indicator for 2012-13 lower at 4.9% of GDP against the earlier estimate of 5.2%.

Tamil Nadu has been one of the most vibrant States in India. Its aim is to become the Number One State in India.

The total exports from the State is around USD 33.50 bn which is 11% of India’s exports.

Tamil Nadu has an area of 130,058 sq km (50,215 sq mi). The State has a total population of 72.14 million as of 2011. While Tamilnadu makes up only 4 per cent of India’s land area, it accounts for almost 5.96 percent of India’s population of 1210 million as enumerated in the 2011 census.

The recent Government document Vision 2023 has unveiled ambitious growth plans for the State.

Timely course corrections have to happen faster in order to enable the country to regain its growth story. Source : Data in graphical representations are based on reports published by IMF, RBI, Ministry of Finance, CSO, Planning Commission & Deloitte.

TAMIL NADU ECONOMY

Tamil Nadu’s economy is on a growth trajectory. The GSDP growth over the last 7 years has been around 10.05% and the projection is to achieve 11%. Three years back Tamil Nadu was ranked as the fourth largest economy in the country. Last year, it became the second largest at GSDP of $132.4 billion. It is also one of the most urbanized States in the country and also has high literacy rate of 80%.

The strengths of the State come from its huge availability of educated youth, stable political climate, entrepreneurial minds, good connectivity, strong manufacturing base etc. Today, every third car in India is made in Tamilnadu, since the State is in the coveted top 10 destinations for Global Automotive space. Tamilnadu is home to India’s largest automobile and auto-component cluster, with some of the largest automobile manufacturers choosing to locate themselves here. Tamilnadu has a distinctive edge over other States in relation to its auto cluster. The State is also home to several other vibrant industries most notably leather, software, renewable energy, IT enabled services, sugar, cement, and petrochemicals. The textile sector is next only to agriculture with regard to labour employed in the State. An analysis of the growth pattern reveals that the Services sector continues to dominate the economy, Segments such as financial services, real estate and hospitality performed relatively well. The secondary sector recovered marginally last year compared to its

During the financial year 2011-12, Tamilnadu recorded 9.39 per cent economic growth rate, the highest among Southern States. The Gross State Domestic Product (GSDP) in 2011 was $ 9.77 billion, which ranks 3rd among all Indian States. The State has one of the highest levels of urbanization with 49% of residents living in urban areas and accounting for 9.6% of the total Indian urban population. The State still remains high on the investor’s radar, thanks to the advantage of its people and the place. Tamil Nadu has the second longest coastline of 1,076 km in India. The State has 3 major ports and 22 minor ports. It is the only State in India to have 3 major ports. 15

Performance of Tamil Nadu’s Economy during 11th Plan Period (in %)

Sector

2007-08 2008-09 2009-10 2010-11 2011-12

Agriculture -4.63

-1.45

2.08

1.98

2.63

Industry

3.20

-0.72

8.70

6.78

7.12

Services

9.32

10.17

10.09

14.55

11.22

GSDP

5.91

5.77

8.96

11.30

9.39

GSDP – Gross State Domestic Product Note : Figures for 2011-12 are provisional Source : The Hindu dt.13th June,2012

ANNUAL REPORT 2012 -13

previous year. The primary sector’s performance – 2.63 per cent – was the best in the last five years, though it did not touch the targeted mark of 4 per cent. The State Government is keen on reversing the trend of the Services sector-led economic growth by providing greater push to agriculture and manufacturing.

Inter-State Comparison:

An inter-State comparison reveals that Tamilnadu ranks fourth in per capita income (in 2004-05 prices) among the major Indian States. During 2005-2012 its average annual GSDP growth was 9.68 per cent which is higher than all India GDP growth of 8.34 per cent and GSDP growth of any of the Southern States. Tamil Nadu is ranked sixth in agriculture growth (5.37) per cent. It ranked ninth in industry growth and eight in services growth.

The Vision 2023 document has identified Ten themes for the State namely: • Economic prosperity • Inclusive Growth • Health for all • World class infrastructure • Healthy investment climate • Innovation hub and knowledge capital of India • Creating conducive environment for human development • Nurturing a rich heritage and preserving the ecology

Per Capita Income : Tamil Nadu and All India (2004-05 Prices):

•

Protecting against vulnerability; and

•

Improving the quality of institutions and governance.

The State is aiming high on infrastructure front. In order to achieve higher growth in the economy, the Government will give a thrust to several key infrastructure projects by ensuring substantial capital infusion. Keeping a time horizon of two Five Year Plans in mind, the second volume of the Vision 2023 document, with a shelf of key infrastructure projects, has been approved by the Tamilnadu Infrastructure Development Board. The Vision 2023 document envisages a total investment of Rs 15 lakh crores during the next ten years.

Tamil Nadu ranks first in bank credit-deposit ratio, third in infant mortality rate, and fourth in literacy rate and life expectancy at birth. In terms of competitiveness index, Tamil Nadu ranks second.

Foreign Direct Investment (FDI) Equity inflow in select States (2009-12):

During this period, the FDI inflow to Tamilnadu increased from Rs. 3653 crore to Rs. 6711 crore in 2011-12. Its total investment proposal during the period 1990-2010 was Rs 313940 crores. Tamil Nadu has attracted investments worth Rs.28,000 crore in 2012 across various sectors despite uncertain global economic conditions.

Recent Initiatives by the Government of Tamil Nadu:

As the growth in the Eleventh Plan (7.7 percent) has declined as compared to the Tenth Plan (9.7 percent), the Government has identified the need for formulating a succinct strategy for rejuvenation of economic and social growth and to reclaim the top position. It has also come out with “Vision 2023: Strategic Plan for Infrastructure Development in Tamil Nadu” to identify thrust areas for growth and bottlenecks in such areas.

An allocation of Rs 2,000 crores for the Infrastructure Development Fund and Rs 200 crores for the Project Preparation Fund have been provided in the Budget Estimates for 2013-14. The Government is also taking systematic efforts to eradicate poverty in both rural and urban areas. Its thrust on skill building will continue through the State Skill Development Mission under the aegis of the Tamil Nadu Skill Development Corporation. In the recently presented revenue surplus budget, the State Government has announced a list of industrial projects to come up in tier two/three cities with a special incentive package for attracting investments in South Tamil Nadu. The Government has also assured to come out with special support package to stimulate the micro, small and medium enterprises sector. The Government also has plans to create a 25,000 acre land bank for industrial use through the State Industries Promotion Corporation of Tamil Nadu to attract more industries. There are of course issues like infrastructure bottlenecks and prevailing grim power situation. However, it is expected that these issues would get addressed soon and the State would move forward to Numero Uno position.

ANNUAL REPORT 2012 -13

GENERAL COMMITTEE:

- Mr T T Srinivasaraghavan, Immediate past President

The Committee regularly met every month and held 12 meetings during the year under review. Its deliberations centred around the following :

- Dr R Mahadevan

Skill Development Initiatives: At every meeting of the Committee, the progress of the Skill Development Initiative was discussed and suggestions made. A Fitter Course and a Basic Computer course had been completed and the candidates were absorbed by the industries located at Tirumazhisai Industrial Estate. Though the Chamber did not charge any fee for the first batch of students, for the subsequent programmes it decided to charge a nominal fee to ensure seriousness and commitment. A presentation was made to the members of the Tirumazhisai Industries Association as this SIDCO Estate is closer to our training facility. The Association members expressed interest in the courses and suggested that some courses like Spoken English, Front Office Management, etc. could be held at their premises. During the year, the Centre functioning from a rented premises in Chembarambakkam was shifted to Tiruvallur since there was better accessibility. In the meantime, efforts were also made to sand fill and level the ground in our own land in Koppur village for around 15,000 sq.ft area. The process is on for getting the necessary clearances from the local authorities . It has been the endeavour of the Chamber to put up at least a minimum facility in its own land at this location. The Chamber was looking for funds from corporates to support this project. Meanwhile, since Mr D K Pradhan, COO of the Centre had left, Mr T V Jayaraman, former CEO of Everonn Skill Development, has been engaged as Consultant to assist in the Skill Development Project. On the occasion of the Annual General Meeting of the Chamber held on 4th August, Mr S. Ramadorai, then Advisor to the Prime Minister in the National Skill Development Council and Vice-Chairman of Tata Consultancy Services, who was the Chief Guest, unveiled the Logo of MCCI Vocational Training and Skill Development Centre. During the year the second batch of students in Computer Skills course and Basic Fitter course underwent training and certificates were issued to them on completion of their training. To oversee the Skill Development initiative, a Core Committee on Skill Development was reconstituted with the following members:- Mr T Shivaraman, President - Mr S G Prabhakharan, Vice-President 17

- Dr K Nirmala Prasad and - Mr K S Pasupathi, Chairman, Expert Committee on HRD Efforts were on to have joint certification programmes in affiliation with the Madras University. A proposal for one such programme namely Certificate Programme in Global Trade Management has almost been finalized and sent to the University of Madras to take it further. The Secretary General had met Mr Prakash, IAS., Skill Development Mission Head and Secretary, Government of Tamil Nadu and subsequently a proposal has been submitted to him.

Finishing School Programmes: The Chamber is designing a number of programmes, particularly in the fields of Accounts and Engineering, which could be offered to the students in order to improve their employability. These programmes are well thought out and look beyond academics and ensure that they act as bridge programmes between Education Institutes and industries and between theory and practice. The Committee also suggested that the Exim course be conducted in more number of places as it had great potential for employment. The Secretary General along with Mr T V Jayaraman, Consultant, Skill Development Centre had visited RVS Institutions in Coimbatore and efforts are on to launch few finishing school modules for their students in different localities. In the meanwhile, an MOU between MCCI & RVS Rise Skills Solutions Pvt. Ltd., part of RVS Group of Institutions, has been signed. Simultaneously efforts are on to work with more number of education institutions as well as with industries to upskill the students and employees.

TN Vision 2023: The Government had released the TN Vision 2023 document last year. This was an ambitious long term growth plan for the State that aimed to make Tamil Nadu the â&#x20AC;&#x153;most prosperous and progressiveâ&#x20AC;? State in India. Members expressed concern at the delay in completion of large infrastructure projects as also the alarming power situation. They also felt that the all India ranking for Tamilandu in the manufacturing sector has to be improved. Non-availability of Skilled manpower, procedural hurdles and the unfriendly approaches to businesses may dampen entrepreneurial spirit and would have long term negative effect, it was pointed out. A special meeting was held to discuss Vision 2023 document and decide possible role of MCCI in the implementation. Representatives of iMaCS made a detailed presentation after which

ANNUAL REPORT 2012 -13

there were vibrant discussions on the same. Members broadly agreed that the Chamber could focus on areas like manufacturing, Skill Development, governance, port and urban infrastructure. The suggestions received from members on Manufacturing and Logistics were forwarded to iMaCS.

Creation of a Mega Port: There were vibrant discussions about the need for the creation of a mega port in Tamilnadu and also about the connectivity problems. Members felt that the major focus of the Chamber during the year should be on Ports and Skill Development. It was felt that a further study specifically on the need for additional port infrastructure, should be undertaken. While on this, the Committee suggested that the Krishnapatnam Port should be visited to see for ourselves the facilities available there. This visit was organized on 1st December. Subsequent to this visit, other Ports also evinced interest and wanted the Chamber delegation to visit them as well. Accordingly, a visit to Kattupalli Port was organized on 19th January 2013. This was followed by a Trade Meet organized by the Ennore Port on 15th February. Recently the Chennai Container Terminal Ltd. (CCTL – DP World) invited the Chamber to visit their terminal in the Chennai Port and this visit was organized on 19th April.

Visit to Port of Antwerp & other European Ports: A delegation from the Port of Antwerp had visited Chennai during February 2013 and had extended an invitation to the Chamber to visit the world class port. Since the Chamber has been quite keen on the creation of a world class port for Tamilnadu and a study was already in the pipeline in this regard, the Chamber thought it fit to accept their invitation and take a delegation of about 10-12 persons to visit the Port of Antwerp. During the visit, they will also be visiting other ports like Zeebrugge, Ghent and the Rotterdam Port in The Nertherlands. (This visit was organised during midMay 2013).

Ease of Doing Business: The Committee has been persistently pointing out about the difficulties faced by the corporates in doing business in India. They said doing business is becoming next to impossible. The Chamber therefore should find out what the real issues are and also the ways to improve the situation. A study on Ease of Doing Business was therefore suggested to be conducted. It was felt that the proposed study might throw up some objective information which can then be escalated to the concerned authorities. The Committee felt that the Chamber can define the scope and can take up the study focussing primarily on Tamilnadu.

Representation on Chennai Port Trust Board: It was a momentous year for the Chamber as the Chamber which

was instrumental for the creation of the Chennai Port got back its seat on the Chennai Port Trust Board after a gap of 12 years! The Chamber had taken up the matter with the Ministry of Shipping several times in the past without success. However, during the year 2011, on the occasion of the Seminar on Development of Ports in Tamilnadu, the matter was again taken up with Mr G K Vasan, Minister for Shipping who was the Chief Guest. During that time he had also released the MCCI Study on Port Sector in Tamilnadu. Thanks to his good offices, the seat was duly restored to the Chamber during 2012.

Pre-Budget memorandum: A pre-budget memorandum was sent to the Finance Ministry as well as to Chairman, CBDT and Chairman, CBEC.

Union Budget analysis : The Finance Minister had presented his budget on 28th February and while there was nothing substantive in the budget, members expressed that it was impossible to comply with Section 194AA dealing with immovable property (other than agricultural land). Disallowance under Section 40 of the IT Act relating to royalty, technical fees, etc. also came in for criticism. They expressed that there was no thrust given for the manufacturing sector. The 15% investment allowance given to manufacturing companies that invest more than Rs 100 crores in plant and machinery during the period 1.4.2013 to 31.3.2015 may not be adequate to strengthen our trailing manufacturing sector. Also it was felt that Rs. 100 crores in today’s tight money situation may not be easily feasible and the Chamber should request that this figure be modified to Rs. 50 crores.

Proposed amendments in Service Tax: The Committee expressed concern about the amendments to Service Tax which says “failure to pay any amount (in excess of Rs 50 lakhs) collected as service tax to the credit of the Central Government beyond a period of six months shall be cognizable one as notified in sub-section (1) of Section 89 of the Finance Act. The Committee noted that in the previous budget, when similar provisions were brought in the Customs Act 1962, strong protests were made by the trade and industry and these were subsequently removed. While the Committee appreciated that evasion of taxes and duties should be effectively dealt with, it also needs to be ensured that the provisions of law are not misused by the authorities in the garb of exercising statutory functions. In the interest of trade and industry, it is necessary to incorporate appropriate exceptions so as to avoid undue hardship to the industry. Given the potential misuse that the new proposals related to collection and non-deposit could be subjected to, the Government of India should reconsider its decision 18

ANNUAL REPORT 2012 -13

in the interest of protecting genuine assessees from aggressive tax officials. Otherwise this will lead to undue harassment and corruption.

Other discussions: The Committee also discussed other administrative matters like IT notices received from the Department, status of subscriptions, membership, Union Budget/State Budget, Chamber’s accounts, etc. and also approved the list of Commercial holidays for observance by member companies during the year 2013. Meetings of the General Committee in progress.

T Shivaraman with T T Srinivasaraghavan after handing over the President’s Year book

From the Chamber’s Coffee Table Book “Championing Enterprise – 175 Years of The Madras Chamber of Commerce & Industry” authored by V.Sriram. The Chamber comes to Town ..A week after the Bombay Chamber was born, it was the turn of prominent businessmen of Madras to meet and institute their own Chamber. On 29th September 1836, a meeting was held at the offices of Binny & Co. in Armenian street. There were 18 men in attendance, with the representatives of A, B & P dominating. From Arbuthnot were George and John Alves Arbuthnot and William McTaggart ; from Binny came William Scott Binny and James Scott, and Parry (at that time Parry, Dare & Co.) was represented by John William Dare and the two Pughs – David and Joseph. In addition, representatives of some other firms of whom hardly anything is known today – Barrow & Co., Fischer & Co., Guichard & Co., John Line & Co. and JG Tulloch & Co., attended the meeting. Representing the interests of the planters and estate-owners was J Ouchterlony of Ouchterlony & Co. He was one of the pioneers in coffee in South India and owned the picturesque Ouchterlony Valley estates in the Nilgiris. It was unanimously resolved that “an Association be formed in Madras under the designation of the Madras Chamber of Commerce”. 19

ANNUAL REPORT 2012 -13

Highlights 4th AUGUST 2012

176TH ANNUAL GENERAL MEETING

Business Session: The 176th Annual General Meeting of the Chamber was held on 4th August 2012 at Sheraton Park Hotel and Towers. Before proceeding with the agenda items, the President, Mr T T Srinivasaraghavan, highlighted the activities of the Chamber during the year. The General Body in appreciation of his leadership during the two years, especially during the 175th year celebrations of the Chamber, gave a standing ovation to him. At the Business Session, Mr T Shivaraman, Managing Director & CEO, Shriram EPC Ltd. was elected as the President while Mr S G Prabhakharan, Chairman, XS Real Properties Pvt. Ltd. was elected as Vice-President for the year 2012-13.

Public Session: The Chief Guest for the Public Session was Mr S Ramadorai, Vice-Chairman, TCS Ltd., while Mr S N Subrahmanyan, Wholetime Director & Senior Executive Vice-President, (Construction) L&T was the Guest of Honour. Mr T T Srinivasaraghavan, President, in his welcome address made a brief mention about the major activities of the Chamber namely the Food For Thought monthly programmes, the launch of Sustainable Chennai Forum, etc. He said the most critical factor in the longevity of an organisation, in his opinion, is its internal vitality and its capacity to remain relevant

S.Ramadorai addressing.

T T Srinivasaraghavan flanked by the newly elected President T Shivaraman and Vice-President, S.G Prabhakharan. Also seen K Saraswathi, Secretary General.

and contemporary and its agility to continuously reinvent and reinvigorate. The secret of the 176 years journey of the Chamber is this adaptability. Mr Ramadorai addressed on Building Indiaâ&#x20AC;&#x2122;s skills base for sustainable development and urged company representatives to show leadership and work out an institutionalized process of recruiting interns.

S N Subrahmanyan making a presentation. 20

ANNUAL REPORT 2012 -13

Excerpts from Mr Ramadorai’s address: …..With one of India’s highest per capita income, the economy of Tamil Nadu is one of the most dependable, consistent and urbanized within the country. Being a Chennai citizen, I am particularly proud that this State is the second largest software exporter in the country. I am sure, part of the success has been due to MCCI’s valuable contributions over the years to the development of industrial, commercial and social interests in Tamil Nadu…. I would like to urge all companies represented here to show leadership and work out an institutionalised process of recruiting interns. This is a call for leadership from the demand side with the commitment to invest in training. Industry cannot stand by and complain about lack of job ready skills. It must take on part responsibility of training as well. Not just for itself but for a larger good and betterment of the sector as a whole. …. .. As we become more environment conscious as a nation, thousands of green jobs will be created by experts in various areas of alternate energies and across various levels from those that could install solar panels in a village to those who conduct research on more efficient solar cells. Industry along with Universities need to plan for that today; courses and curriculum, needs to be jointly developed and a pool of expertise in these areas need to be developed……. Launching the logo of the MCCI Centre for Vocational Training & Skill Development, Mr Ramadorai said it was a call for leadership from the demand side with the commitment to invest in training. Making a presentation on “Infrastructure – Key for Development”, Mr Subrahmanyan felt that infrastructure development in

T T Srinivasaraghavan delivering the welcome address.

T T Srinivasaraghavan handing over a memento to S. Ramadorai.

our country is complicated and going forward, it will get more complicated. Many projects are being planned by the Government through Private Public Partnership (PPP) model. However, they are not delivering good returns on investment to companies.

A Coffee Table Book is being presented by TT Srinivasaraghavan to S N Subrahmanyan.

A view of the audience

ANNUAL REPORT 2012 -13

29th September 2012

Chamber Day

Mr R Raghuttama Rao, Managing Director, ICRA Management Consulting Services Ltd. said that Tamilnadu’s Vision 2023 is to become India’s most prosperous and progressive State with least poverty and where the people enjoy all the basic services of a modern society and live in harmonious engagement with the environment and the rest of the world. Mr Vish Viswanathan stressed the importance of manufacturing and said manufacturing is a major engine for economic development, employment generation and reduction of poverty. He gave various

l to r: K Saraswathi, T.Shivaraman, Ajay Shankar, Vish Viswanathan and R Raghuttama Rao

The Founder’s Day of the Chamber which is called “Chamber

Vish Viswanathan making a presentation.

Day” was celebrated with a meeting at the Sheraton Park Hotel & Towers. Mr Ajay Shankar, IAS (Retd), Member Secretary, National Manufacturing Competitiveness Council, (NMCC) New Delhi was the Chief Guest. Mr Vish Viswanathan, Managing Director, Visteon India, delivered a special address. Making a presentation on Tamilnadu Economy and Vision 2023,

Ajay Shankar addressing

reasons as to why manufacturing has not taken off in a big scale in India. The factors affecting were scale, value addition, branding, inadequate funding, land cost and issues over acquisition, lack of adequate natural resources, etc. 22

ANNUAL REPORT 2012 -13

Mr Ajay Shankar made a presentation on Strategic Vision for Manufacturing as Engine for inclusive and sustainable growth. He said the main objectives of a development strategy are poverty

reduction, inclusive growth and manufacturing success. India’s comparative advantage lies in services and manufacturing where the growth rate in services is much higher than in manufacturing.

T.Shivaraman handing over a memento to Ajay Shankar.

A view of the audience

From the Chamber’s Coffee Table Book “Championing Enterprise – 175 Years of The Madras Chamber of Commerce & Industry” authored by V.Sriram. Some early Indian members of the Chamber… Of the two Indians who became members of the Chamber in the year of inception, very little is known of Tiroocaumi Nayak of the agency house of C. Tiroocawmi Nayak & Balakistna. He is said to have been involved in the business of the Port and must have most likely have been a ship dubash, handling manpower for stevedoring and material handling. The other, Gazulu Sidloo Chetty was a man in the business of indigo, dye and general cloth trade of the city and sufficiently important to have a street named after him in the Choolai area. After his time, his son Latchminarasu Chetty succeeded to the business and also membership to the Chamber. Another early Indian member was P.Somoosoondurum Chetty who was active in the affairs of Madras Native Association. A Director on the Board of Madras Cotton Cleaning Co.Ltd. a firm promoted by Binny Directors, he in 1876 became a Director of the Buckingham Mill Co.Ltd. promoted by Binny. The Binny connection brought to the Chamber another Indian – Parthasarady Naick (Naidoo) who was the contractor who built the Buckingham Mills. 23

ANNUAL REPORT 2012 -13

8th September 2012

FELICITATION TO THE PRESIDENT OF INDIA, SHRI PRANAB MUKHERJEE The Chamberâ&#x20AC;&#x2122;s history is replete with red letter entries. However, one page had not been filled and that was the President of India had never honoured our Chamber with his august presence. That golden page was now inserted in our history books, thanks to the visit of His Excellency, Shri Pranab Mukherjee. It was a matter of pride and privilege for the Chamber and its members as well as an unique honour for the Chamber as our Chamber was the first Chamber the President of India addressed soon after assumption of office as President. His Excellency Dr K Rosaiah, Governor of Tamilnadu, also participated in the meeting. In his address, the President of India, congratulated the Chamber on its contribution to the progress of this prosperous and forward looking State. He said our goal should be that our nationâ&#x20AC;&#x2122;s growth should be as inclusive as possible to encompass all sections

H.E.Shri Pranab Mukherjee addressing.

T.Shivaraman delivering the welcome address.

T T Srinivasaraghavan presenting a shawl to H.E. the President of India

ANNUAL REPORT 2012 -13

A view of the audience

of the society and to ensure that each and everyone reaps the benefits of the fruits of development. He said nothing can be more dangerous than negative sentiments in our mind. He urged the

industry to radiate confidence and drive the development process with courage in a spirit of adventure and confidence.

Excerpts from the address of H.E. Shri Pranab Mukherjee… ..You are in your 176th year of commendable service in promoting the interests of Commerce and Industry in Tamil Nadu. I congratulate you on your contribution to the progress of this prosperous and forward looking State. You have reason to be proud of your achievement. It is you and your fellow entrepreneurs that can take credit for the industrialisation of our country, the building of its infrastructure, establishment of strong trade and business partnerships all over the world. You have sustained these with your strong business acumen, farsighted understanding and your forward looking approach in respective areas of investment and productive work. …Among you there are any number of far sighted and hard working investors and innovators. You have proven yourselves that you have the expertise and the talent. I look to you to take up the opportunities in today’s globalised world to creatively sustain the enduring values and business ethics – one of your biggest strengths to live up to the good name that you have earned to the world. …If we look at the history of the growth scenario of this country from a longer perspective and longer period of time, we will find there is nothing to be disappointed. Occasionally we have problems and there had been ups and downs. But we have been able to overcome those difficulties through our own efforts. The fundamentals of our economy are strong….. ..Yours is one of the oldest Chambers and I would expect that in your deliberations and your future course of action, you will not only instill confidence amongst yourselves but you will spread it around the country, around your partners. In the past also, you faced this problem but we have overcome it through the collective efforts keeping confidence in ourselves and I am quite sure you will be able to overcome the present crisis which is confronting us. We need not be self styled Cassandras and prophets of doom……

ANNUAL REPORT 2012 -13

18th May 2012:

23rd June 2012:

This was an outreach programme organized at Chembarambakkam, the outskirts of the city.

To understand and gain knowledge on the EnMS and ISO 50001, this programme was organised for the benefit of members.

Seminar on Service Tax – Past, Present & Future:

Presentation & Discussion on Energy Management Systems & ISO 50001: The programme covered the following:• An overview of Energy Management System based on ISO 50001

K.Saraswathi welcoming the participants.

Mr K Srivastava IRS., Chief Commissioner for Central Excise & Service Tax, Chennai was the Chief Guest and appreciated the Chamber’s efforts in conducting programmes such as these in places like Chembarambakkam, Sriperumbudur etc. where industries are located.

A view of the meeting.

• Effective Implementation framework • Strategy to gain maximum benefit from EnMS • Case discussions from a certified company The resource persons consisted of Mr M K Vinod Kumar, Certification Manager, and Mr Raja Chidambaram, Director, URs Productively, Chennai. Mr C Velan, Executive Director & CEO, TRIL Info Park Ltd., Ramanujan IT SEZ, presented the case study of his project which has won the ISO 50001 certification.

28th June 2012:

Workshop on Finance Act 2012- New System of Taxation: K.Srivastava, IRS., Chief Commissioner of Central Excise & Service Tax, Chennai addressing.

He said Service Tax is relatively a recent legislation and is undergoing a number of improvements. The year-on-year developments in service tax will only enable us to move towards Goods and Services Tax Act. He referred to the single window clearance facility that has been created in the Service Tax Department for the benefit of the assessees. At the technical session, topics such as taxation issues, e-filing, negative list of services and GST related issues were discussed. The faculty consisted of – Mr R Renugan, Superintendent and Mr N. Venkatakrishnan, Inspector from Service Tax Commissionerate, Chennai as well as Mr B Sriram, Executive Director, Tax Regulatory Services and Mr Hari Sudan, Senior Manager, both from PWC.

During June the Finance Act was passed by the Parliament and was awaiting the assent of the President. Press reports indicated that the taxation of negative list of services will come into effect from 1st July 2012. Since this would have many implications for the corporates, this one day workshop was organized at Hotel GRT Grand Convention Centre to have a deeper understanding of the issues involved and compliance methods. The speakers covered the following topics in the session: ] Mr K Vaitheeswaran, Chairman, Expert Committee on Indirect Taxes: Concept of Negative List based taxation of services – Key definitions and exclusions ] Mr P R Subramaniyan, Co-Chairman, Expert Committee on VAT Service Tax Exemptions ] Mr B Sriram, Member, Expert Committee on Indirect Taxes 26

ANNUAL REPORT 2012 -13

exclusions while Mr K K Sekar addressed on Cenvat Credit – recent developments. The programme attended by nearly 50 participants was well appreciated.

12th & 13th October 2012:

All India Workshop on Indirect Tax Laws:

T.Shivaraman delivering the welcome address

Valuation of Services – Bundled Services and Tax Liability of service receiver

] Mr K Vaitheeswaran

Analysis – Place of provision of Service Rules

] Mr K K Sekar, Co-Chairman, Expert Committee on Indirect Taxes

Cenvat Credit – recent developments

A complete set of the notifications issued by the Government was given to the participants as a backgrounder.

14th July 2012:

Workshop on Finance Act 2012 – A New System of Taxation: This was an outreach programme of the Chamber organized in Coimbatore for the benefit of corporates located in and around Coimbatore. The inaugural address was delivered by Mr R Rajendran, DirectorFinance, Lakshmi Machine Works, Coimbatore. He said while corporates are responsible and willing to pay taxes, they look for friendly policies and easy compliance norms. The programme was handled by Mr K Vaitheeswaran, Chairman and Mr K K Sekar, Co-Chairman, Expert Committee on Indirect Taxes. Mr Vaitheeswaran made a presentation on Concept of Negative List based taxation of services – Key definitions and

K.Saraswathi welcoming the gathering. Seated l to r: K. Vaitheeswaran and R.Rajendran, LMW 27

A view of the audience

This is an annual flagship event of the Chamber. The workshop was organized in Hotel GRT Grand. At the inaugural session, Hon’ble Justice Mr M Jaichandren was the Chief Guest. Referring to CST & VAT, he said there are a number of constitutional issues and one of the challenges which the industry is facing is the non-availability of credit on CST purchases. He further said corruption is the hot topic. If we can’t eliminate it, at least we can reduce it. Please do not aid corruption indirectly he advised. At the technical sessions that followed, the Chamber had the privilege of eminent advocates, taxation experts and corporate executives addressing the participants on a wide range of subjects such as Service Tax - Point of Taxation and Valuation; CST – Stock transfer – In-transit sale; Works contract; service tax – classification – bundled services, etc. At the Valedictory session, Mr R Periasami, IRS., Commissioner of Service Tax, Chennai was the Chief Guest. He said the Service Tax Commissionerate is the most transformed and IT savvy Department

Hon’ble Justice M Jaichandren delivering the inaugural address. Seated l to r: K Saraswathi, T Shivaraman, K Vaitheeswaran and K K Sekar.

ANNUAL REPORT 2012 -13

Industry, Public Sector Undertakings, etc. The first Technical Session focused on Power GenerationCapabilities and Challenges, chaired by Mr J Mahil Selvan, Director-Power, NLC.

R. Periasami, IRS., Commissioner of Service Tax, Chennai, delivering the valedictory address.

One of the highlights of the Conference was the Special Address â&#x20AC;&#x201C; presenting the Gujarat Power Model by Mr D J Pandian, IAS., Principal Secretary, Energy & Petrochemicals Department, Government of Gujarat. He said political will and administrative skills helped make Gujarat a power-surplus State. He further said the Gujarat Government did not invest much in the generation project. But they went for public-private partnership to set up power plants taking advantage of the Electricity Act and facilitating the coal and gas linkages for the projects. They were able to procure power from private companies at a cost of Rs. 2.85 per unit as against their own generation cost of Rs 3.05 per unit. The State also invested on developing transmission network. The second Technical Session dealt with Development of Renewable Energy sources/Green Enbergy & Green Buildings wherein the best practices followed by SEBs particularly in distribution and renewable energy generation were discussed. The session was chaired by Mr V.Subramaniam, former Secretary, MNRE, Government of India. The third Technical Session was on Emerging Trends in Nuclear Power, chaired by Mr K Balu, former Director, Nuclear Recycle Group, BARC.

A view of the audience

in the Government and he called on the representatives of trade and industry to visit the Commissionerate. If members had any issues in service tax, they could simply walk in to the Commissionerate and resolve them he said.

15th December 2012:

Conference on Tamilnadu Power Dynamics & Future Perspectives: The objective of this Conference was to bring together the representatives of the Central/State Government, industry, policy makers, etc to understand and analyze the current power situation in Tamil Nadu and the way forward. India Energy forum, New Delhi, associated with the Chamber in organizing this Conference.

K.V.Rangaswami addressing

L&T Construction was the Industry Partner and Principal Sponsor of the Conference. The programme was also supported by a number of players in the sector â&#x20AC;&#x201C; The India Cements Ltd., Neyveli Lignite Corporation, State Bank of India and Ojus Power. The keynote address was delivered by Mr Anil Razdan, Former Secretary (Power), Government of India. The inaugural address was delivered by Mr S Kabilan, IAS (Retd.), former Chairman, TNERC. Mr R Raghuttama Rao, Managing Director, iMaCS made a presentation on Tamilnadu Energy Scenario which was packed with data. Others who addressed at the inaugural session were Mr T Shivaraman, President, MCCI, Mr P S Bami, President, India Energy Forum and former CMD., NTPC, Mr K V Rangaswamy, Advisor to Chairman, L&T and Mr B Bhambhani, Convenor (Power), India Energy Forum. The Technical Sessions were addressed by eminent speakers from

Anil Razdan addressing

ANNUAL REPORT 2012 -13

construction industry as well as for the agencies that will enforce the code because the implementation of the Code requires significant technical, knowledge based and market-dependent institutional and administrative measures related to efficiency in energy consumption in buildings. The TN Government is currently developing the ECB code for the State and the Electrical Inspectorate, Government of Tamil Nadu, is designated as the nodal authority. The Brookhaven National Laboratory, New York and Alliance to Save Energy (ASE), an expert consultant in this domain are assisting the State Government in this task. MCCI is associated as an industry partner for this project. S. Kabilan, IAS (Retd)., delivering the inaugural address. Seated l to r: K Saraswathi, R Raghuttama Rao, Anil Razdan, T. Shivaraman, K V Rangaswami, P S Bami and B Bhambhani

S.Appavoo, Chief Electrical Inspector answering the queries of the delegates. Others in the picture are l to r: K Saraswathi, Vatsal Bhatt and Pradeep Kumar. D J Pandian IAS., replying to the queries of the delegates. At left is P.Krishnakumar.

Chitti Babu at the mike A view of the audience

22nd January 2013:

Workshop on Energy Conservation Building Code (ECBC) Implementation of ECBC in Tamilnadu: To promote energy efficiency technologies and measures in new buildings, Bureau of Energy Efficiency (BEE) has developed the Energy Conservation Building Code. The Code sets minimum energy performance standards for the design and construction of new commercial and public buildings. Compliance with the ECBC will be a significant challenge for the 29

Ajith Chordia addressing

ANNUAL REPORT 2012 -13

The Chamber organized this workshop with the partners – Brookhaven National Laboratory, New York, Alliance to Save Energy and in association with Electrical Inspectorate, Government of Tamilnadu. Mr Vatsal Bhatt of BNL gave an overview of the workshop. During the day long programme, important subjects like Green Buildings in India – A Practitioner’s Perspective; Urban Planning; Business Case for ECBC Implementation; Building Design; Energy Savings through BMS, etc. were deliberated upon. This was followed by discussion on challenges and opportunities for ECBC implementation in Tamilnadu facilitated by BNL, ASE and MCCI.

25th January 2013:

Meeting with Delegation from San Antonio:

T.Shivaraman presenting a Coffee Table Book to Julian Castro.

The Chamber hosted a luncheon meeting in honour of Mr Julian Castro, Mayor, City of San Antonio, USA and his delegation at Hotel Raintree Anna Salai. Mr Castro was at the helm of affairs during Mr Obama’s Presidential campaign last year. Ms Jennifer McIntyre, US Consul General in Chennai thanked the MCCI for hosting the luncheon meet to welcome Mr Julian Castro and his team.

Jennifer McIntyre addressing

A view of the members of the delegation.

Julian Castro addressing.

and biomedical research, oil and energy, higher education and information technology besides the automotive space.

2nd March 2013:

Post-Budget Workshop 2013-14: T Shivaraman welcoming Julian Castro with a bouquet of flowers. Applauding are S G Prabhakharan and Jennifer McIntyre.

For the benefit of the delegation, Mr V Sriram, COO of iMaCS made a presentation on economic profile of Tamilnadu. Mr Castro who headed a 28 member team was scouting for inbound investments and business ventures in the spheres of healthcare

An annual event of the Chamber, being organized immediately after the presentation of the Union Budget by the Finance Minister, this workshop was organized this year on 2nd March at Hotel GRT Grand Convention Centre. Mrs Chitra Venkataraman, Hon’ble Justice of the Madras High Court was the Chief Guest. Addressing she said the normal expectation from the budget by industry is that there should be certainty in tax administration and convenience of compliance not only from the tax point of view but also from administration point of view. 30

ANNUAL REPORT 2012 -13

Justice Chitra Venkataraman in conversation with T Shivaraman and K.Vaitheeswaran.

Sriram Seshadri speaking on direct tax matters. Others seated are: V Ranganathan and K Vaitheeswaran.

Chitra Venkataraman addressing.

N Venkataraman addressing .

She said India has to think of marching forward and there should not be any retrospective amendments. She called for government policies which will be stable, far sighted and investor-friendly. Mr R Raghuttama Rao, Managing Director, iMaCS gave an overview of the Budget and said the budget is a political statement. It is a mix of political and economic intentions. It reflects the order of priorities in a democracy. Thereafter Mr Sriram Seshadri, Chairman, Expert Committee on Direct Taxes, made a presentation on budget proposals relating to Direct Taxes while Mr K. Vaitheeswaranâ&#x20AC;&#x2122;s presentation dealt with Indirect Tax proposals. The Chamber also had the benefit of the presence of Mr N Venkataraman, Senior Advocate, Supreme Court and Mr Arvind P. Datar, Senior Counsel, Madras High Court who also briefly addressed the workshop.

Arvind P Datar addressing.

The summing up was done by Mr V Ranganathan who felt the Finance Minister had presented a low-voltage budget.

A view of the audience

ANNUAL REPORT 2012 -13

SUSTAINABLE CHENNAI FORUM On the occasion of World Habitat Day (9th November 2011), the Chamber launched a Sustainable Chennai Forum (SCF). The SCF will assist and promote a business case for sustainable development. Its aim is to develop and demonstrate the contribution of business and industry to sustainable development solutions and share leading edge practices among member companies:

Vision To be a leading business advocate on sustainable development to make Chennai an inclusive, sustainable, clean and green metropolis in the global context.

Aim To assist and promote a business case for sustainable development and evolve a congenial policy and action oriented environment for the sustainable development of the Chennai metropolitan region in collaboration with like-minded institutions. The following events were organized under this Forum during the year:

6th June 2012:

Conference on Creating Carbon Neutral Chennai: Planning for Integrated Freight Movement: Freight transportation in urban areas which has a major role in raising the economy of cities has undergone a sea change in recent times and is facing numerous challenges. This is because the freight movement by road has increased many folds but the road network has not been augmented sufficiently. The aim of the conference was to discuss and arrive at policies and methods for integrating freight movement into urban transport policy in order to ensure economic and environmental gains. The goal was to foster a sustainable master freight policy that works for Chennai.

As part of the Vision 2023 exercise of the State Government. Freight corridors and linkages between them are being studied. He said integration of various transportation modes was necessary. He felt that rail transport was not an alternative to road transport as one should look at technologies that make road transport as sustainable as railways. Dr V Sumantran, Vice-Chairman, Ashok Leyland Ltd., delivered a Special Address. He said to make Chennai a better place for the citizens, Government and the industry should work together. He emphasised the need for better transportation to cope with the rapid urbanization. He felt there was an urgent need to put road systems and connectivity in place while adding that planning would be critical to this.

Mr. T K Ramachandran, IAS., Secretary to Government, Highways and Minor Ports Department, Government of Tamil Nadu said how Vision 2023 of the Tamil Nadu Government is crucial for the city in terms of planning for the future and referred to the various projects enunciated by his Department. He said the State Government is developing minor ports to help decongest major ports of Chennai, Ennore and Tuticorin. The Cuddalore Port is being developed in a large scale.

l to r:T Shivaraman, T K Ramachandran, IAS., Dr V Sumantran, S N Srikanth and J Krishnan. 32

ANNUAL REPORT 2012 -13

Excerpts from the address of H.E. Dr APJ Abdul Kalam… Think the impossible and make the possible. Creating Carbon Neutral Cities…. ..As you know, every litre of fossil fuel (petrol and diesel) burnt in the automobile generates about 2.71 kg of CO2 equivalent emission. Today, the world is letting into the atmosphere about 36 billion tonnes of CO2 every year. During my visit to the Toyota’s Automobile Manufacturing Plant in Georgetown Kentucky, USA, which produces one car, every minute, using two parallel lines in two shifts each day, I suggested to them to add a third production, completely dedicated to the manufacture of cars, using solar+biofuel or electrical based input energy… Green movement in Tamil Nadu: Tomorrow we are going to celebrate in Cuddalore plantation of 1.3 million trees which is going to enhance to 10 million trees in the leadership provided by Shri Vivek. Similarly, another movement is going on at Siruthuli – Coimbatore, where they had planted one lakh trees in 2011 and every year they propose to add one lakh trees which is pioneered by Smt Vaneetha Mohan. Like these programmes, Lead Villupuram 2020 is engaged in planting large number of trees in Villupuram district. A carbon neutral city of my dream: In the carbon neutral State, there may be many cities. Let me give my visualisation of that carbon neutral city. How should its transport system evolve? However varried the items on this wish list, you can be certain that no one wants it to be like our present cities…. Organising cities as a cluster of micro cities: Today our challenge is to achieve better city organisation. Improper planning leads to intra-city “micro migration” every day. In the optimal scenario, each city, even one with a population of 5 million, should be reorganized so that it comprises a city centre with a population of 1-2 million and containing administrative, government and large corporate offices surrounded by satellite micro cities with less than a million people each…. Rural Empowerment through PURA: Here I would like to discuss about the system for the integrated rural prosperity with sustainable development which is being pursued by government and private institutions in our country. This is called PURA (Providing Urban Amenities in Rural Areas) Mission that may be applicable globally for sustained development of the nations and societies….

ANNUAL REPORT 2012 -13

Dr APJ Abdul Kalam addressing.

Dr.V Sumantran delivering a special address.

The Technical sessions dwelt at length on the following topics: • Road Transportation in Chennai: Status Analysis Transport Map of Chennai • Low carbon pathway for Indian cities – ICLEI project • Enabling integrated movement of freight in the city: bottlenecks and key challenges

• Sustainable integrated freight movement – case studies and best practices • The way forward

At the Valedictory session, Dr APJ Abdul Kalam, former President of India, was the Chief Guest. He spoke about the green movement in Tamilnadu, the carbon neutral city of his dream, organizing cities as cluster of micro-cities, clean transport system, smart buildings, eco zones, etc. Delivering a special address, Mr Gopal Srinivasan, CMD of TVS Capital Funds said Dr Abdul Kalam has been an inspiration for several millions of people across the globe. From very humble origins, he held the highest office by sheer hard work, dedication and by his character. Coming to CityConnect with which he is closely associated, he said that the idea for such an organization emerged in 2007. It helps leaders of Government in making Chennai better and there have been some small successes.

24th July 2012:

Interactive meeting with Ms Sarah Allan, Director, Field Work Enterprise, UK:

T . Shivaraman presenting a memento to Dr Abdul Kalam. At right is Gopal Srinivasan.

President, Secretary General and staff of MCCI with Dr Abdul Kalam.

Since under the Sustainable Chennai Forum, the Chamber was looking at the promotion of green buildings and improving the urban infrastructure, it was thought that it will be useful to interact with Ms Sarah and try to understand the appropriate models that may work in Chennai and other cities in Tamilnadu.

A view of the meeting

ANNUAL REPORT 2012 -13

Ms Sarah Allan and Mr Paul Lavelle made a presentation on “Opportunities for creating legacy of Great Places”. They said Field Work Enterprise is a community interest company with a focus on providing community benefit in the built environment. The aim of FWE is to help organisations deliver quality and value in the fields of architecture, urban design and planning. Ms Sarah Allan said that to motivate the public to set up a Green environment in the city, there should be “feel good” relationship between the Government officials and the public. Around 20 experts participated in the meeting which included Mr M G Devasahayam, a Member of CMDA and Mr G Dattari, former Chief Urban Planner of CMDA.

l to r: M Murali, Dr Maria Saleth, M K Padmanabhan and Dr M Mathews.

9th November 2012:

Seminar on Changing Cities – Building Opportunities: To mark the first anniversary of SCF, a full day Seminar on the

K.Saraswathi introducing the speakers. Seated l to r: Anand Madhavan, Dr R Hema, D S Hanumantha Rao, S Mani and Shyam Ramachandran.

faced and tackled.

T.Shivaraman welcoming K.Phanindra Reddy, IAS., with a bouquet of flowers. At right is Mike Nithavrianakis.

The inaugural address was delivered by Mr K Phanindra Reddy, IAS., Secretary, Housing & Urban Development Department, Government of Tamilnadu while Mr Mike Nithavrianakis, British Deputy High Commissioner, Chennai, delivered a special address. The Technical Sessions which followed deliberated on topics such as: • Economy and employment • Emerging Opportunities in Social Infrastructure (Education/ Health/Affordable Housing) • Opportunities in Utilities Management (Waste Management/ Power/Water/Transport) There was also a presentation on Usage of Spatial Planning Tools to promote low carbon city development in India.

T.Shivaraman in conversation with K Phanindra Reddy.

above was organised. The seminar focused on the opportunities that arise because of cities like Chennai expanding in terms of area as well as population and also the challenges that require to be 35

ANNUAL REPORT 2012 -13

Programmes - Food For Thought

28th April 2012:

19th May 2012:

The ambitious Food Security Bill which proposes to give legal entitlement to food to 75 per cent of the people in rural areas including, at least 46 per cent in the priority sectors, was introduced in the Parliament in December 2011 and is presently awaiting the final approval by the Parliamentary Committee.

The Indian Rupee has not only been depreciating rapidly but in recent years has been unusually volatile. There seemed to be speculative interests that were driving the value of the Rupee on a day-today basis.

Legislating Food Security:

Rupee?

To discuss this, the programme was organized with the following speakers: Dr S. Narayan, IAS (Retd)., Former Finance Secretary, Government of India Dr Bobby Srinivasan Distinguished Professor, IFMR Mr R Raghuttama Rao, Managing Director, ICRA Management Consulting Services and Member of the General Committee gave the introductory remarks.

K.Saraswathi introducing the panelists. Seated l to r: M R Sivaraman, T Shivaraman, Prof. Venkatesh Athreya and M R Venkatesh.

Dr Narayan observed that there is a necessity to create a more investment-friendly atmosphere in the country by relaxing tax rules. To help reduce the deficit he said, India needs to cut down on coal import and instead increase production locally. On the domestic front, easing tax rules will encourage global investors to invest here and help us raise Indiaâ&#x20AC;&#x2122;s growth rate.

The Bill also aims to include existing social security and nutrition schemes and also food entitlements to the vulnerable and destitute groups. To have an informed discussion on the subject, this programme was organised with the participation of Mr M R Sivaraman, IAS (Retd)., Former Revenue Secretary, Government of India and Trustee, National Agro Foundation, Prof. Venkatesh Athreya, Advisor, Food Security Programme, MSSRF; and Mr M R Venkatesh, Policy Analyst. Mr. Sivaraman felt that India should aggressively go forward to increase the productivity of rice and we should double or even treble our production. Prof. Venkatesh Athreya felt the Bill has been poorly and hastily drafted and needs a thorough overhaul. Mr M R Venkatesh said focus should be on district-wise food security; local food to be consumed locally. He said de-centralise local production and use better scientific methods. If these are ensured, there is no need for the Food Security Bill.

Dr S. Narayan, IAS (Retd) addressing. Seated l to r: R Raghuttama Rao, T. Shivaraman and Dr Bobby Srinivasan.

Dr Bobby Srinivasan made a presentation explaining the factors which affect the Rupee exchange rate. He felt that overall GDP growth rate, stability of government, etc., were the factors to boost investorsâ&#x20AC;&#x2122; confidence.

ANNUAL REPORT 2012 -13

30th June 2012:

Right (way) To Information To know more about RTI and discuss the use of RTI, this programme was organized. The speakers were – Mr K S Sripathi, IAS. (Retd)., State Chief Information Commissioner; Mr N L Rajah, Advocate and Board Member, Citizen Consumer and Civic Action Group (CAG) and Mr. Jeeva, Journalist and RTI Activist. Mr Sripathi said that the RTI Act has created certain amount of awareness both in Government side and in society. Not every system is corrupt – the system needs to be properly fine tuned. He felt that a citizen should be happy with the services of the Government. Mr N L Rajah said the RTI Act is a new found joy to the citizens and everyone should be made aware of how to use it. Studies show that only 13% of the rural population and 33% of the urban

K.Saraswathi introducing the panelists. Seated l to r: S Seetharaman, T. Shivaraman, Prof. Padmanand and Parag Patki.

To discuss this, this event was organised with the participation of Mr S Seetharaman, CMD., Super Auto Forge Pvt Ltd., Prof. Padmanand, International SME Expert for UN Organisation and Mr Parag Patki, Chief Executive Officer, SMERA Ratings Ltd. The speakers said that in the era of globalised competition, firms that are able to adapt quickly to changing needs and work for continuous improvement / upgradation will alone succeed.

22nd September 2013:

Interest Rates and Economic Growth: To understand the relation between the interest rate changes and the economic growth and to deliberate more deeply on the subject, the Chamber organized this programme. l to r: N L Rajah, K S Sripathi, IAS (Retd)., T. Shivaraman and Jeeva.

The following were the speakers: • Mr T B Kapali, Economic Consultant

population are aware of the RTI Act. The awareness is very poor and this should be improved. Mr Jeeva felt that the RTI Act enacted by the Government of Tamilnadu in 1997 has changed the perception among the people. When people say “we have the right”, it only proves the success of the RTI Act.

• Mr G Ramachandran, Financial Analyst • Mr V Suri, VP & Head of Corporate and Strategic Planning, Murugappa Group; and • Mr M.R. Venkatesh, Policy Analyst Mr Kapali said that the most important contribution the Central Bank can make is to ensure that relative price pressures do not get

25th August 2012

Realising SME Aspirations SMEs are regarded as the engines of economic development and a vehicle for achieving inclusive growth. SMEs also foster entrepreneurship development and innovation. The entrepreneurship aspiration triggers the growth of industry and business. Questions remain to be answered as to how far the aspirations of the SME entrepreneurs are realized in real terms, whether they have the level playing field and whether there prevails a conducive eco system for them to perform their best. 37

T B Kapali addressing. l to r: V.Suri, T.Shivaraman, G.Ramachandran and M R Venkatesh.

ANNUAL REPORT 2012 -13

transformed into aggregate price level pressures. Mr Ramachandran in his presentation explained the factors that affect interest rates. Mr Suri suggested some solutions for the economic revival. He also gave some suggestions for the businesses namely – reduce borrowing and restructure to reduce interest; innovate and automate; have patience and work to create new opportunities. Mr M R Venkatesh touched upon issues like hike in prices of diesel, petrol, the subsidies given by the Government, etc. which indeed provided food for thought.

27th October 2012

21st December 2012

Competition Act – Levelling the Play Ground? In recent times there have been some specific cases where Competition Commission of India (CCI) has been coming out with their observations and judgments regarding the methods and practices followed by businesses while dealing with competition. This necessitated to have a better understanding about the responsibilities and limits of businesses and what fair competition means, how competition policy works in other countries, the power and jurisdiction of CCI vis-à-vis other regulatory bodies and judiciary, what are the ongoing issues with regard to Competition Law, etc.

Allocation V/s Auctioning of Economic Resources: In view of widespread discussions on the use of economic and natural resources for commercial and economic activities, especially in the context of the recent developments in allocating the resources like coal, spectrum, etc. it was thought fit to organize a programme on the subject. The speakers were – Mr N R Krishnan, IAS (Retd), former Secretary, Ministry of Environment and Forests, Government of India and Mr N Venkataraman, Senior Advocate, Supreme Court. T.Shivaraman delivering the welcome address. Seated l to r: A V Ganesan, IAS (Retd). R.Prasad and Samir Gandhi.

The panelists were :• Mr A V Ganesan, IAS., (Retd.), former Commerce Secretary, Government of India • Mr Samir R Gandhi, Partner, AZB Partners, New Delhi • Mr R Prasad, Member, Competition Commission of India, New Delhi N R Krishnan, IAS (Retd) answering the queries of the participants. Others in the picture are: N Venkataraman, S G Prabhakharan and M R Venkatesh.

Mr Krishnan said there is awareness amongst people and Government’s actions are very closely scrutinized and monitored. He felt that the judgement of the Supreme Court (delivered then) had far reaching implications and the end results are more important. Mr N Venkataraman, Senior Advocate, Supreme Court, explained the basic fundamentals of the 2G judgment given by two great judges of the Supreme Court which stated “A fair and impartial publicized auction is perhaps the best method of discharging the burden”. Mr M R Venkatesh giving his views said that auction is the only route and this is the only way forward.

Mr Prasad felt that the competition policy is more important than the fiscal policy, monetary policy, etc. In India, every State should have a Competition Act, competition has to cover all aspects of our life and the Competition law has to grow. Making a presentation, Mr. Samir Gandhi said post-liberalisation, the competition regulator has attracted the most attention by industry. He said the biggest area of exposure what CCI has done as far as cartel is concerned is about Industry Associations. He advised to see that there is no room for cartelisation. A great degree of caution has to be exercised as to what is discussed at the meetings of the Industry Associations. Mr A V Ganesan advised not to distinguish between foreign investment and domestic investment. He said treat the nations equally – do not discriminate. Have equality between imported 38

ANNUAL REPORT 2012 -13

goods and manufactured goods. He felt the numerous agreements with various countries will not promote trade. 23rd February 2013:

State of Indian Economy: Since the budget was around the corner and there were disturbing forecasts about our rate of growth being lower than projected, and since there were also concerns like slowdown of the manufacturing sector, falling IIP rates, infrastructure deficiencies, issues of inflation and subsidies and increasing fiscal deficit, the Chamber thought it fit to organize a discussion meeting to know the state of our economy from different perspectives and understand the ground realities. Dr. M Suresh Babu, Associate Professor, Department of Humanities & Social Sciences, IIT-Madras, Mr Raghuvir Srinivasan, Business Editor, The Hindu and Mr Lakshmi Narayanan, Vice-Chairman,

Cognizant Technology Solutions were the speakers. Dr Suresh Babu in his presentation covered the following five issues namely – Growth; Current Account Deficit; Inflation; Fiscal Deficit and Demand and Distribution. Mr Raghuvir Srinivasan referred to the three major challenges which the economy faces namely deficit in current account, fiscal deficit and savings rate. The export-import scenario is a worrying factor he said. Mr Lakshmi Narayanan gave a different perspective to the state of the Indian economy. He said no one can take any decisions on the figures of GDP. Irrespective of GDP, there are many opportunities he felt. At the end of the session, the following observations were made:• There is potential in public sector savings. Higher public consumption can be used for higher public savings. • Tax policies drive out business – how to retain Indian businesses in India

• Create entrepreneurship • Manufacturing has to be encouraged and societal changes have to take place • Remove hassles from tax authorities; provide adequate power • If exports grow, GDP too will grow. l to r: Dr M Suresh Babu, T.Shivaraman, Lakshmi Narayanan, Raghuvir Srinivasan and M R Venkatesh.

A view of the audience.

ANNUAL REPORT 2012 -13









 















 





                                                                                                                                                                                                                                                   an  m   S  ra  R    ata KE    SPEA sh Mr.N Venk  e   t   a – k   Veentd.)  (R  MSR   nr, IA SPEAKERS naM    S R Krish   ivasan    SPEA KERMr.hNreya Dr. Bobby Srin  KE A   RS Pro  E    f. Padmana   At SP       nd    h yan,   Nara s .     Dr.S     Mr ate     S  k   Se    eth n       ara            f.Ve      man  o      r    Mr   P   . Parag     Pat    ki                                      Mr. R      . Pra  an       sa SPEA   ram       d  KERS Siva       M R        M Mr    r.     Sam       ir     R       Gand        h        i          Mr. A                  V Gane       san,                 IAS (R      etd             .)    



 





 





 

                  





 















 







MCCI’s Food For Thought Programme takes up larger issues of topical nature which could involve the economy, civil society, businesses and the community as a whole, and provide a platform for open discussion and interaction.

ANNUAL REPORT 2012 -13

Expert Committees: The Expert Committees of the Chamber were reconstituted at the AGM of the Chamber held on 4th August 2012. Members of these Committees, drawn from member companies, contributed significantly their experience and expertise. The President and VicePresident in consultation with the Chairmen and Co-Chairmen, evolved a workplan for each of the Expert Committees for the year. The following were nominated as Chairmen/Co-Chairmen of the Committees: Chairman

Committee

Co-Chairman

Ms. Bhavani Balasubramanian Company Law/Corporate Matters Partner Deloitte Haskins & Sells

Mr P Viswanathan Secretary & Compliance Officer Sundaram Finance Ltd.

Mr Sriram Seshadri Direct Taxes Partner BMR & Associates LLP

Mr Bhaskar Chatterjee Economic Affairs Economist & Business Analyst Larsen & Toubro Ltd

Mr P Krishnakumar Energy Managing Director Orient Green Power Co. Ltd.

Mr B V Gautam Managing Director B & G Infrastructure Company Private Ltd.

Mr P L Subramanian Environment, Pollution Prevention & Senior President (Operations) Control The India Cements Ltd.

Mr M Ramakrishnan Vice-President – HR & Admn. W S Industries (India) Ltd.

Ms. Subhashri Sriram Financial Sector Executive Director Shriram City Union Finance Ltd.

Mr V Sriram Chief Operating Officer ICRA Management Consulting Services Ltd.

Mr K S Pasupathi HRD/CSR General Manager – HR Wheels India Ltd.

Mr T Kannan Head – HR Symrise Pvt. Ltd.

Mr K Vaitheeswaran Indirect Taxes K Vaitheeswaran & Co.

Mr K K Sekar Dy. General Manager – Indirect Taxes Ashok Leyland Ltd.

Mr N Baskara Raju Executive Vice-President Larsen & Toubro Ltd.

Industrial Development/Infrastructure --

Mr Clynton Almeida IT/ITES Chief Information Officer Systems Redington (India) Ltd.

Mr B Srinivasan General Manager & Head – Information

Mr V Srinivasan Legal Affairs Head – Legal Sundaram Finance Ltd.

Mr Sujay Banerjee Head – Legal VA Tech Wabag Ltd.

Mr J Krishnan Logistics Partner S Natesa Iyer & Co.

Mr U Udayabhaskar Reddy Wholetime Director Sanco Trans Ltd.

Mr K Sridharan Balaji Manufacturing Plant Director Ashok Leyland Ltd.

Mr Suresh Hariharan Additional Vice-President Tecpro Systems Ltd.

Mr P R Sudhakar VAT Sr. General Manager – Indirect Taxes Brakes India Ltd.

Mr P R Subramaniyan Dy. General Manager – Corp. Indirect Taxes Larsen & Toubro Ltd.

Larsen & Toubro Ltd.

ANNUAL REPORT 2012 -13

Brief details of the activities of the Committees are given in here:

EXPERT COMMITTEE ON COMPANY LAW/ CORPORATE MATTERS: The Committee held five meetings during the year. The deliberations of the Committee related to issues in corporate financial reporting/experience with recent reforms in corporate financial reporting, circular issued by MCA on the draft manual of the functioning of Official Liquidators, Investor Education and Protection Fund Rules 2012 under which companies are required to file information on unclaimed amounts lying as on year end date along with particulars within 90 days of holding of AGM, etc. The ROC, Chennai, had requested the Chamber to give suggestions for the improvement of Version 2 of MCA 21. MCA was planning to change this with additional features for easy handling. The suggestions of the Chamber were sent to ROC in this regard. During its July meeting, the Committee’s agenda consisted of: • Standing Committee Report on Companies Bill •

Exposure Draft on XBRL taxonomy for commercial and industrial entities for filing their Balance Sheet and Profit & Loss Account for the financial year 2011-12 based on the Revised Schedule VI

• Proposed Seminar on Company Law & Corporate Issues

Henry Richard, ROC, addressing.

Addressing on Regulatory Perspectives on Financial Statements, Mr Henry Richard gave an overall view of how the Company Law Department was functioning till 2000 and now. He explained that the return filing procedures had gone through three important phases and described the same. He said they have completely switched over to e-filing. During interaction, members brought to his notice a few issues like correcting mistakes in the STP form once filed, need for training for XBRL hosting, etc. Mr Henry Richard also said that a Help Desk is available for immediate filing and members were informed of this facility.

The Committee felt that since there was no progress on the Companies Bill in the Parliament, the proposal to hold the Seminar on Companies Bill could be deferred. On IFRS the Committee felt that India is going to go slow. The Committee proposed to organize a few programmes during the year, on subjects like Takeover Code and FEMA, Issues relating to shareholders in SEBI, MCA, Risk Management etc. At its meeting held in January, it discussed the Consultative Paper on Review of Corporate Governance norms in India issued for public comments. The Committee welcomed the efforts of SEBI to align the provisions of the law in line with the Companies Bill 2012 though the existing Listing agreement especially Clause 49 dealing with Corporate Governance has amply and adequately taken care of the functioning of the listed entities. It deliberated on the subject at length and arrived at the submissions to be made. The Chamber’s submissions were sent to SEBI on 30th January 2013. 5th December 2012:

Meeting with Mr Henry Richard, Registrar of Companies, Chennai: Under the auspices of this Committee, a meeting was organised with Mr. Henry Richard, ROC, Chennai.

P H Arvindh Pandian clarifying the queries of the participants. Seated next is Bhavani Balasubramanian.

10th January 2013:

Seminar on Companies Bill 2012: To discuss and understand the changes in the Companies Bill 2012 which had recently been passed by the Lok Sabha and was awaiting the clearance by the Rajya Sabha, the Chamber organized a full day Seminar on Companies Bill 2012 at Hotel Savera. The broad discussion topics were – Board of Directors, Appointment, remuneration and other connected matters; Share capital & borrowings; Accounts, Audit & Auditors, Mergers, Amalgamations, Special Courts & Class Action. 42

ANNUAL REPORT 2012 -13

EXPERT COMMITTEE ON ECONOMIC AFFAIRS: The Committee met in September and felt that jointly with Financial Sector Committee it could interact on common subjects like fiscal policy, budgetary policies, exchange rates, inflation, foreign exchange, etc. Deliberating on the role of SMEs and the number of problems faced by them, it decided to plan a suitable programme on Managing Risks for SMEs as early as possible.

Dr B.Ravi addressing. Others in the picture are: Bhavani Balasubramanian, N R Sridharan and P.Viswanathan.

The faculty consisted of Mr PH Arvindh Pandian, Senior Advocate and Additional Advocate General of Tamilnadu, Ms B Chandra, former Deputy Registrar, MCA and Practising Company Secretary, Mr N R Sridharan, Partner, Sarathy & Co., Chartered Accountants and Dr B Ravi, Practising Company Secretary. The program was very well attended and more than 100 delegates participated . At the request of the Cochin Chamber, the MCCI arranged the same faculty to address the Programme on Companies Bill at Cochin on 16th February 2013. The feedback was excellent.

EXPERT COMMITTEE ON DIRECT TAXES: The Committee met twice during the year. At its September meeting, it discussed the Draft report on GAAR provisions and felt that there seems to be a definite move to defer GAAR for a longer period. However, some issues still required deliberation and members were requested to send their suggestions so that they can be compiled to make a representation. (Before the announcement of the Budget, GAAR has been deferred for some more time). On Transfer Pricing, the Committee suggested to invite an official from the Government for a half a day Seminar to know more about the procedures and processes which the Government has in mind. At its meeting held in December, the Committee held prebudget discussions and identified issues for inclusion in the Pre-Budget memorandum to be submitted to the Government. The memorandum was subsequently submitted to the Ministry of Finance, CBDT and CBEC. Ms Vandana Vyas from the office of Mr K Vaitheeswaran, Advocate & Tax Consultant, made a presentation on Recent Judgments on Direct Taxes.

A Seminar on Reforms in Agricultural Policy was planned. It would associate itself with the Chamber in programmes like pre-budget and post-budget discussions and workshops.

EXPERT COMMITTEE ON ENERGY: The Committee which met in August expressed concern at the power situation in the State and felt that the new projects proposed were not coming up in time. It felt that interactive meetings should be organized with senior officials of the electricity departments like TNEB, TANGEDGO, TEDA and TNERC to discuss the ground realities and seek possible solutions. A major Conference on â&#x20AC;&#x153;Tamilnadu Power Dynamics and the Future Perspectivesâ&#x20AC;? was organised in association with India Energy Forum, New Delhi, on 15th December at the L&T Auditorium at Manapakkam.

EXPERT COMMITTEE ON ENVIRONMENT, POLLUTION PREVENTION & CONTROL: At its meeting held in September, the Committee considered the work plan for the year and decided to organize a meet on solid waste management. Since the Government had convened a meeting to discuss about preparation of Tamilnadu Environmental Policy 2012, members were requested to send their suggestions at the earliest. Members expressed concern at the difficulties in obtaining consent from TNPCB as also renewing the same. They wanted these issues to be suggested for the Environment Policy. The Tamil Nadu Industrial Guidance Bureau had called for a meeting to discuss the Tamil Nadu Environment Policy. Ms K Saraswathi, Secretary General and a representative from Shriram EPC attended this meeting. Our suggestions were also forwarded to them for their consideration.

EXPERT COMMITTEE ON FINANCIAL SECTOR: The Committee met in October and discussed at length about the funding to SMEs, interest rates for SMEs, the rating of SMEs by

ANNUAL REPORT 2012 -13

the Rating agencies, etc. After considerable thought, it decided to organize a Seminar with suitable faculty.

EXPERT COMMITTEE ON INDUSTRIAL DEVELOPMENT/INFRASTRUCTURE:

For the work plan for the year, it proposed to organize a Seminar on FEMA; a programme with bankers on SME’s development and their needs ; a Seminar on Indian Insurance Industry – The way forward; and a Programme on Credit Rating focusing on SMEs, etc.

The Committee decided to focus on one or two main areas/issues and try to complete the task during the year. It divided its members in two sub-groups and assigned each group the following activities:

EXPERT COMMITTEE ON HRD/CSR: The lack of skilled manpower and the wide gap between the requirement and the availability was the main discussion point at the meeting of this committee held in October. While on the one side, people below the poverty line are not able to earn, on the other, the corporates are not able to locate employees according to their requirement and therefore there was need to create awareness amongst the people, more particularly the corporate, to develop the skills. The Committee was also of the view that the educational system needs urgent attention to reduce the dearth of manpower which hampers the growth of the country.

Group I: • Increasing the share of manufacturing in the State’s economy • Making SME’s vibrant Group II: • Transforming ten cities into world class cities that become the nodes of growth across the State • Signature Projects • Encourage PPP in infrastructure project creation and/or service provision

EXPERT COMMITTEE ON IT/ITES:

The Chamber had undertaken a CSR Survey during the year. Members’ cooperation was sought to have the survey form filled in and send it back to the Chamber at the earliest. It was proposed to organize a Seminar on CSR shortly.

The Committee met in December and the Chairman suggested to members that if they had any issues which required discussion by the committee, they could share their thoughts through emails or meetings could be convened if required. He requested the members to visit the Chamber’s website regularly and suggest any modifications/upgradation, if required.

A Training Programme on Factories Act, Labour Laws, Labour Welfare Laws and allied issues was organized on 5th May 2012 and this was repeated again on 2nd June 2012.

Members were also informed of the discussions held with two companies for organizing joint programmes on (a) Upgrading SMEs and (b) Security Perspective. The Committee also suggested that attempts should be made for :

EXPERT COMMITTEE ON INDIRECT TAXES:

• creation of an online forum

The Committee held two meetings during the year. At its meeting in August, it decided to organize its flagship event, All India Workshop on Indirect Tax Laws, on the 12th and 13th October along with Expert Committee on VAT. It also felt that training programmers on Excise, Service Tax, Customs etc. and outreach programmes in places like Trichy, Madurai, etc. should be organized periodically.

•

The Committee also discussed the draft circular on Leviability of Service Tax on staff benefits and employment related transactions as well as the re-organization of jurisdiction of Service Tax Divisions on Territorial basis. A Seminar on Service Tax – Past Present and Future was organised on 18th May at Chembarambakkam. The Committee met again along with Expert Committee on VAT to discuss and finalise the issues for pre-budget memorandum to be submitted by the Chamber. While most of the issues were finalized, members were also asked to send if there were any additional points for inclusion. The Chamber’s pre-budget memorandum was forwarded to the Government.

e-learning modules

• Sharing of expert opinion • Review on current policies and practices • Promotions and revenue generation • Network with other members for business development and promotion • Webinars, etc.

EXPERT COMMITTEE ON LEGAL AFFAIRS: The Committee held its meeting in September and felt that if members had any queries, it would clarify the same and also make recommendations to the Government on any enactment which affects the industry. There was a discussion on the recent Supreme Court judgment in the case of Booz Allen and Hamilton Inc. v/s SBI Home Finance Ltd. & Others in which the Supreme Court had held that any issues relating to enforcement of mortgage should be tried by the Court and not by the Arbitral Tribunal. 44

ANNUAL REPORT 2012 -13

It was felt that suggestions should be invited from members and a representation should be made to the Law Ministry to amend the Act with retrospective effect.

A number of infrastructure projects were on the anvil in Tamilnadu. However, there was no agency to monitor these projects and hence a nodal working group to monitor these projects was insisted upon.

There was also a discussion about the problems in land acquisition and how it affects the corporates.

The Committee noted that the transaction costs were very high and members were informed that a representation in this regard had been sent to the Commerce Secretary.

On work plan, it was decided to organize a Seminar on Intellectual Property Rights.

EXPERT COMMITTEE ON LOGISTICS: The Committee was quite active and met twice during the year. Its deliberations centred on issues relating to operations of Chennai Port and other charges levied like Container Imbalance Service Charges. The operations at the Chennai Port were affecting the logistics trade, businesses, industries and the exporters at large. To avoid road congestion and port congestion, they felt the Port has to necessarily increase the number of gates. Talking about container imbalance service charges, it was noted that the shipping lines were charging heavily for import cargoes. The Committee suggested that Dr Rahul Khullar, Secretary, Ministry of Commerce & Industry should be invited for an interactive session when these issues could be brought to his notice. Directions from the Ministry of Commerce to the Shipping Ministry would be the best solution to resolve these critical issues. Dr Rahul Khullar was in Chennai on 28th April 2012 and a few select members of the Chamber met him and handed over a representation on the above lines. The Chennai Port had asked the Chamber to nominate a representative to the Committee to discuss draft scheme regarding concession on vessel related charges for main line container vessels. Capt. Suresh N Amirapu was nominated to this Committee.

Certificate course on Exim Procedures: The Chamber had completed this course being conducted for the MBA students of MOP Vaishnav College for Women and since the syllabus and methodology is ready, the Committee suggested that this course would be useful to freshers/trainees in the industry. Member companies were accordingly informed about the conduct of this course. However, this was not taken forward in view of inadequate response from members. Efforts are on to have a joint certification programme in affiliation with the Madras University. A proposal for a certificate programme in Global Trade Management has been forwarded to the University of Madras and the Chamber is awaiting its approval. The Committee’s focus for the year was on Port Development and related issues. The exim trade in Chennai is faced with several problems such as accessibility to the port, labour strike, connectivity by road and rail, delay in loading/unloading of goods, etc. The Committee formed a core group to study the feasibility of additional port infrastructure and take this forward. 45

It decided to organize a Conference on the port sector; a programme on basic elements of shipping and import and export procedures at Sriperumbudur.

Visits to Ports: Under the auspices of this Committee, the following events were organised: 1st December 2012 19th January 2013 15th February 2013 19th April 2013

Visit to Krishnapatnam Port Visit to Kattupalli Port Trade Meet with Ennore Port officials Visit to CCTL (DP World)

EXPERT COMMITTEE ON MANUFACTURING: The Committee which met in August felt that the Chamber should organize some basic programmes in areas like Labour Act, Factories Act, PF & ESI etc. The other activity could be arranging study visits for SMEs to the large scale manufacturing factories which would help them to understand the whole process and the areas for improvement. (The Chamber had organized a Training Programme on Factories Act, Labour Laws, Labour Welfare Laws and Allied Issues on 5th May and this programme was repeated again on 2nd June 2012.) The Committee felt that a Conference on Promoting Brand Tamilnadu through Manufacturing should be explored.

EXPERT COMMITTEE ON VAT: The Committee which met in August considered the recent circulars and developments with regard to Tamilnadu VAT and also about online filing of ‘C’ Forms. It felt that the department should keep some blank printed forms for some more time. The Committee suggested that the Chamber should send a suitable letter to the Commercial Taxes Department on their new initiative. This was subsequently sent. The Committee, along with the Expert Committee on Indirect Taxes, organized an All India workshop on Indirect Tax Laws, on the 12th and 13th October. It also felt that training programmes on VAT, certificate course on VAT and more outreach programmes should be organized periodically. The Committee met again in November along with Expert Committee on Indirect Taxes to discuss and finalise the issues for pre-budget memorandum to be submitted by the Chamber. While most of the issues were finalized, members were also asked to send if there were any additional points for inclusion.

ANNUAL REPORT 2012 -13

MCCI-MMA VIDEO DISCUSSIONS: The Madras Chamber and the Madras Management Association continued to conduct video discussions jointly at the Chamber’s Conference Room on topics of interest. During the year, the following events were organized:

This was an inspiring video that challenges you to improve life results by positively gaining control over one’s attitude in any environment.

The message from the video was – surround yourself with positive influences. Good relationships require open communication. Resolve the problem by mutually discussing issues and arriving at solutions.

The trainer was Mr Raj Kalkaji.

June - You are not listening

This video focused on the importance of listening. The trainer, Ms Nitasha Sharma, stressed that listening is a skill; use body language, eye contact and be attentive.

Give a chance for others to speak. While listening, give encouraging responses; paraphrase content, reflect feelings and don’t jump at conclusions.

S N Padmaja, Trainer, handling the session.

April - What’s Trust Got to do with it?

The video focused on realistic methods for re-building trust and gaining employee involvement.

•

The key training points were:-

•

Trust is the foundation of leadership

•

The way we behave either builds trust or destroys it

•

Trust building behaviours must be consistent and ongoing

Ms. S. N. Padmaja, Trainer, handled the session.

July - “Time Management”

The trainer Mr M Vijay Balaji felt that one always has enough time, if it is applied well. Once you are wedded to your priorities, you can manage time. There is a good time and bad time, depending on your faith, your environment, etc.

The video also showed how to handle paper work by proper labeling.

September – “Motivation – Igniting Exceptional Performance”:

May - Attitude : A Little Thing that Makes a Big Difference

S Pirama Nayagam in discussion with the participants.

Raj Kalkaji, Trainer interacting with the participants.

The Video focused on the various aspects of performance and motivation. Performance is an 46

ANNUAL REPORT 2012 -13

outcome of works, tasks, activities, behaviours and results which is generally appreciated through rewards and recognition.

The success of an organization depends on work performance; work performance depends on the quality of employees and the quality of employees depends upon motivational elements.

Mr S Pirama Nayagam, HRD Consultant and Chief Education Officer of Deeksha Learning Services was the faculty.

December – “Office Safety: It’s a Jungle in There”:

The video dealt with how to cope with the risks so that the workers can be prepared for emergencies. The key points were - Preventing injuries at work stations; controlling dangers of fire, electricity and hazardous material and formulating emergency plans.

The takeaways were – organize regular trainings to your employees from top to bottom; put your systems in place; training should be mandatory; do not act but react to the situation; positive thinking does not guarantee success but negative thinking guarantees failures; when you have support systems, rely on them and take the help of others.

Ms Janani, Corporate Trainer and Consultant was the facilitator.

October -Personal Goal Setting – Journey to Success:

Mr G Abhishek, an Entrepreneur and Founder of PDF Consultants was the Trainer. He touched on how important it is to set goals in life, have positive thinking and accept risks and visualize what we want to achieve. He stressed that it is important to set small goals. He said if you have not reached the goal, try new things. Journey is as important as the destination.

February- “Ethics : The Logic of Right”:

This video provided a fresh opportunity to explore ethical decision making in the work place.

Mr M Vijay Balaji, Consultant in HR and Marketing, who was the facilitator said we live in a global village and today companies have come to know that ethics have become a very important facet for the future. The head of an organization should be ethical and set an example for others to follow. What happens then is – productivity increases; absenteeism decreases; and employees become loyal to their employers.

March –“Effective Presentation”: G. Abhishek , trainer, handling the session.

The video discussed about three kinds of skills which are technical, human and business skill. Technical skill is the minimum requirement for any role. It gets the entry into an organization. The human skills include soft skills, which are necessary for managing people. Business skills are needed for career advancement. Of all these skills, communication and presentations are the most important human skills required for effectiveness in life.

The trainer was Mr R A Nadesan of Lead Training Solutions.

November – Even Eagles Need a Push:

This Video highlighted that push can be the greatest gift one can ever give. It is the power to prepare for the future. The video described the qualities of confident empowered people namely - have self appreciation, be obsessed to your spontaneous thoughts and act accordingly, concentrate on your strengths and work on your weaknesses, visualise what you want to be and be committed to whatever you undertake.

The trainer was Mr Prem Kamble. 47

ANNUAL REPORT 2012 -13

GENERAL MEETINGS: 4th May 2012:

Presentation on MCCI Vocational Training & Skill Development Centre: The Chamber’s team met the office bearers of Thirumazhisai Industries Association at their SIDCO Industrial Estate office and made a presentation to the invited members of the Association about the Chamber’s services, more particularly about the skill development initiative. There were lot of discussions following the presentation. Some of the units wanted the Chamber to organize in-house programmes for them specially on topics like safety, 5S, spoken English, etc. They also expressed their desire for skilled workers and said 200 fitters can be absorbed immediately.

At the book release function – l to r: V A George, T T Srinivasaraghavan, R Seshasayee, Dr. Surendra Dave, N Vaghul and Shreyas Doshi.

There were also suggestions to train on CAD/CAM and the units were ready to absorb such persons. The Chamber will continue the relationship with the Association as it sees lot of scope for a number of joint activities in the immediate future.

5th May 2012:

Training Programme on Factories Act, Labour Laws, Labour Welfare Laws and Allied Issues: Employers are required to comply with many rules and regulations and those who fail to do so, face consequences. It is to educate the executives of member companies on the statutory requirements of the above laws, the Chamber oganised a one day training programme. The faculty provided by Fullcrum Enterprises Pvt Ltd., consisted of Dr R Ramesh Kumar, Associate Professor of Tamilnadu Institute of Labour Studies, Government of Tamilnadu; Mr N Natarajan, ESI Corporation and Mr C V Gopal, EPF Organization, Chennai. This programme was repeated again on 2nd June 2012 with the same faculty.

27th May 2012:

T T Srinivasaraghavan delivering the felicitation address.

30th May 2012:

Presentation on Roadmap for India as Super power 2020: This programme was organized jointly with SSA Business Solutions, Mumbai, The company is a leading business excellence solutions provider in India and partners with industry and SMEs to chart sustainable growth through quality improvement and cost reduction. To have a better understanding of the technologies and tools for improvement, this programme was scheduled.

RK Talwar Memorial Lecture: The Chamber jointly with Knowledge Xchange, Chennai organized the RK Talwar Memorial Lecture at Hotel Hyatt Regency. Mr Talwar was the former Chairman of SBI and IDBI and was one of the greatest bankers of our times. The lecture was organized to commemorate his 90th Birthday falling on 3rd June 2012. As a tribute to his mentor, Mr N Vaghul, former Chairman, ICICI Bank, had authored a book titled “RK Talwar – Values in Leadership” which was released on the occasion by Mr R Seshasayee, Executive Vice-Chairman, Ashok Leyland Ltd. Tributes were paid by Mr N Vaghul, Mr R Seshasayee, Dr Surendra Dave, former SEBI Chairman and Mr T T Srinivasaraghavan, President, MCCI.

l to r: K.Saraswathi, R.Vittal Raj, and N C Narayanan.

ANNUAL REPORT 2012 -13

A presentation was made by Mr N C Narayanan, Founder and CMD, SSA Business Solutions and his team in which they covered topics such as – sustaining growth through operational excellence and LEAN integrated manufacturing system – LIMS; shift from “Business of Quality” to “Quality of Boardrooms”, etc. The programame was supported by SSA Business Solutions.

26th June 2012:

Interactive meeting with Mr Anthony P.Iriti, Former Mayor of Findlay Township, Ohio, USA and currently Director, Findlay Hancock County Economic Development Council: Mr Anthony Iriti has been instrumental in setting up Foreign Trade Zones in Ohio, the first being the Findlay-Japan Trade Zone. During his visit to Chennai, he was accompanied by Dr Katerine Fell, President, University of Findlay, USA, Dr Scott Freehafer, Director, MBA & Non-Traditional Programmes, University of Findlay, Dr Nabarun Ghose, Professor of Marketing & Business, University of Findlay and Mr Dipankar Ghose, CEO, Prakruthi. In his address Mr Anthony Iriti said US offers many opportunities to do business. Findlay is a Logistics Marvel. In its Free Trade Zone, one can store, repackage, assemble and manufacture he said.

A view of the meeting

21st July 2012:

National Conference on Chennai-Bangalore Industrial Corridor (CBIC)– Issues, Opportunities and The way forward: This was a joint programme organized by Assocham and MCCI at Hotel Le Royal Meridien. The Southern corridor will have potential for investment of at least $25 billion and it would take advantage of the engineering, textiles, leather, agro-processing, iron ore and steel industries based in the Southern States of Karnataka, Andhra Pradesh and Tamilnadu. The focus in Tamilnadu would be automobiles and auto ancillaries; aerospace in Bangalore and biotechnology, pharmaceuticals and petro-chemicals in Hyderabad. Huge investments are required to be made in road and rail network and for power generation. The industry experts felt that CBIC could pave the way for both Tamilnadu and Karnataka to become Eastern Market oriented gateway catering to those economies at a bigger scale and increase their trade integration. Mr C Kandasamy, Director General, Road Development and Special Secretary, Union Ministry of Road Transport and Highways

C.Kandasamy, Director General, Road Development and Special Secretary, Union Ministry of Road Transport & Highways lighting the kuthuvilakku. Others in the picture are – Dr J. Geetha Reddy, Dr Rajkumar Khatri, T T Srinivasaraghavan, Ravindra Sannareddy and D.S. Rawat.

4th July 2012:

addressed the meeting. The other speakers were – Mr Shin Oya, Chief Representative (India), Japan Bank for International Cooperation, Mr Ravindra Sannareddy, Chairman, Assocham Southern Regional Council and Managing Director, Sri City, Mr T T Srinivasaraghavan, Dr Rajkumar Khatri, Secretary, Infrastructure Development Department, Government of Karnataka and Dr J Geetha Reddy, Minister for Major Industries, Sugar, Commerce & Export Promotion, Government of Andhra Pradesh.

Assocham organised this Seminar at Hotel Le Royal Meridien, Chennai. The inaugural address was delivered by Dr Subir Gokarn, Deputy Governor, Reserve Bank of India. On that occasion he also released the Assocham study on Vision Tamilnadu - Building Sustainable Tomorrow.

The CBIC is a multi-billion dollar project, which was conceived and promoted by SIPCOT in 2011. SIPCOT is preparing a final plan for the corridor running between Chennai-Sriperumbudur-RanipetHosur in two phases.

Dr Katerine Fell spoke about the online degree courses offered by Findlay University. She said the University has substantial number of students from India and China.

Seminar on Vision Tamilnadu - Building Sustainable Tomorrow - The Banking Perspective:

Our Chamber participated in this event and lent its support.

ANNUAL REPORT 2012 -13

17th August 2012:

Interactive Session on Current Global Scenario- Problems and Prospects of Indian Exports:

insights, experiences and perspectives. He explained the power and volume of social media and how big it is. He explained that social media for business could be used for Brand building, generating sales leads; reputation management, real time consumer survey, customer service, co-creating products and creating B2B relationships.

18th October 2012

Talk on “Re-engaging Europe – Is the Opportunity Real”? The Chamber organized an interaction meeting with Mr Simon

l to r: K.Unnikrishnan, M R Venkatesh, H A C Prasad, S G Prabhakharan and K.Saraswathi.

Simon Devlin addressing the meeting.

A view of the audience

The Chamber along with Federation of Indian Export Organisations (FIEO-SR) organized an interactive session with Mr H A C Prasad, Senior Economic Advisor, Ministry of Finance, Government of India. Addressing, Mr Prasad felt that though the US and European countries were hit by slowdown, India’s major trading partner was UAE. To overcome the present crisis, he felt that it was time to look at new destinations and new commodities to bring down the trade deficit. He called for building business confidence among trade through greater trade facilitation by removing delays and high costs due to procedural and documentation factors. He also sought information from the trade on specific sectors and the support needed from the Ministry on the issues concerning SEZs and Infrastructure projects.

Devlin, Managing Director of Full Circle Management Solutions, UK. Mr Simon Devlin is an expert in management development, training and consultancy. Full Circle is one of UK’s fastest growing management consultancy firms which offers several solutions including helping overseas companies penetrate into Europe. He said the EU economy has suffered over the last four years but still remains an economic power house globally. One has to be clear about the time, the cost and effort required to gain a foothold in the EU market. The choice of priority export markets in EU is critical and should be based on thorough market research.

1st December 2012:

Visit to Krishnapatnam Port: The General Committee at one of its meetings decided that a visit to Krishnapatnam Port should be arranged to see the functioning of

31st August 2012:

Presentation-cum-Interaction on Leveraging Social Media for Business: To understand the importance of the social media as a business tool, the Chamber organized a presentation cum discussion on the subject. Mr Hareesh Tibrewala, Co-Founder and CEO of Social Wavelength, India’s largest social media agency from Mumbai made a presentation. He said that Social Media is an online technologies and practices tool that people use to share opinions,

A view of the Chamber’s team.

ANNUAL REPORT 2012 -13

India-China Trade relations is the most important aspect of bilateral relationship between both the countries. To know more about Indo-China trade, MCCI jointly with Athena Infonomics organized a talk by Dr Amitendu Palit, Head-Development & Programmes and Visiting Senior Research Fellow at the Institute of South Asian Studies (National University of Singapore.) Dr.S Narayan, IAS (Retd), President of Athena Infonomics introduced the speaker.

MCCI team on way to Krishnapatnam Port.

Making a presentation on Emerging Trends in India-China Trade, Dr Amitendu Palit said we have to be increasingly concerned about the imbalance in trade and looking at China’s influence in South East Asia, it is time to see how best we can take advantage of our own strengths in this area. Speaking about future outlook, he said – China-India trade is likely to become one of the most important bilateral trade relations in the world; project imports from China will increase and the Asia-Pacific and emerging markets will be the key trade destinations for China and India.

19th January 2013:

Visit to Kattupalli Port: J Krishnan planting a sapling.

the Port and the facilities offered there for export-import operations. Accordingly a 15 member team from the Chamber visited the Port. The team was given a warm welcome after which the officials of the Port made a presentation. The CEO of the port, Mr Anil Yendluri, the person with a vision who was instrumental in constructing the port, also addressed the Chamber delegates and answered the queries of the members. Apart from extending excellent hospitality, all the delegates were given an opportunity to plant a sapling which was appreciated by every one.

5th January 2013:

Talk by Dr Amitendu Palit, National University of Singapore on Emerging Trends in India-China Trade:

Chamber’s delegation at Kattupalli Port

A visit to Kattupalli port was arranged to have first hand knowledge of the operations of the port. The Chamber’s team consisted of 12 members who were received by the officials of the port. Mr Vishal Mathur made a presentation on the operations of the port after which the team visited the port and saw the facilities available for exim trade. It was suggested that a joint working group between the Port and the Chamber can be considered in order to promote exim trade through this port.

21st January 2013:

Visit of Business delegation from Tianjin China: Dr Amitendu Palit making a presentation. 51

A team of 11 business delegates from Tianjin China headed by the Chairman, Federation of Chambers of Commerce & Industry, Beichen, Tianjin, China visited the Chamber. Their aim was to

ANNUAL REPORT 2012 -13

work towards strategic partnership between the members of Tianjin Beichen Chamber and the MCCI. They also wished to explore the investment and JV opportunities in India and promote

Members of the Delegation with K.Saraswathi, Secretary General, MCCI

Tianjin Beichen District. The team was accompanied by a few Malaysian invitees as well. Dr Kodi Isparan Kandasamy, Acting Senior Vice-President (Agriculture), Business Development and Investment Division of Malaysian Biotechnology Corporation who was present said that his organisation was a federal agency to assist industry. It works independently. The Government provides various incentives for companies investing in bio-tech. There are also special incentives for those who wish to form regional hierarchies. One of the major incentives offered is tax holiday. There is no sales tax and investment in R&D will get double benefit.

23rd January 2013:

Interactive Meeting with Dr Wolfram Moritz, Austrian Trade Commissioner:

During the meet, he said Austriaâ&#x20AC;&#x2122;s bilateral trade with India is to the tune of 1.4 million Euros. Austria exports engineering goods, machinery, etc., and there is great scope for bilateral trade to grow further. It was informed that 120 Austrian companies are operating in India out of which 8 are in Tamilnadu. Though the population of Austria is only 8 million, the tourist inflow to that country is 25 million.

28th January 2013:

Meeting with Mr Rizali W.Indrakesuma, Ambassador for Indonesia in India: During his visit to Chennai, H.E. Mr Rizali Indrakesuma met the members of the Chamber. He said his mission was to work towards enhancing trade between our two countries. He felt there is vast scope for Indian investments in Indonesia and invited Indian entrepreneurs to do business in Indonesia. He further said that bilateral business between Indonesia and India would be taken to the next level through the firming up of a Comprehensive Economic Cooperation Agreement (CECA).

Dr Wolfram Moritz with the Chamberâ&#x20AC;&#x2122;s Coffee Table Book.

Dr Wolfram Moritz who had recently taken over as the Trade Commissioner expressed his keenness to meet the members of the Chamber.

A view of the meeting with H.E. Rizali W. Indrakesuma, Ambassador of Indonesia in India . 52

ANNUAL REPORT 2012 -13

He said Indonesia needed more power plants and technology expertise to run these plants. It was also in need of raw sugar for industrial purpose as also expertise and financial support to run the sugar industry. He invited a delegation from the Chamber to visit Indonesia and see for themselves the opportunities it offers to do business.

30th January 2013:

Programme on Doing Business in the US: The Chamber joined Business in America Conferences (BIA Conferences) in organizing a one day workshop on Doing Business in the US. The programme was held at Hotel Le Royal Meridien.

A view of the audience

The various sessions were addressed by - Dr James Ziegler on successful market entry; incorporation, banking and sales strategies as well as on global mobility and staffing challenges; how to hire correctly for the US market. - Mr Thomas Joy, Senior Attorney, VisaPro LLC, USA., dealt with US Immigration Strategies; legal considerations and other issues, employment and immigration compliance requirements, etc.

4th February 2013:

Meeting with Delegation from Port of Antwerp: A delegation from the Port of Antwerp led by Ms Cathy Berx, Governor of Antwerp Province and consisting of Mr Marc Van Peel, Chairman, Antwerp Port and other key functionaries of the Port visited Chennai and the Chamber in association with Chennai Custom House Agentsâ&#x20AC;&#x2122; Association organized a meeting with them at the Sheraton Park Hotel. They were in Chennai to promote friendly business contacts and were looking for good connectivity to Europe as India has one of the best connecting ports. Ms Cathy Berx gave a snapshot of Antwerp and the state-of-the-

l to r: G. Raghu Sankar, CCHAA, Werner Van der Cruyssen, Attache, Belgian Customs, Marc Van Peel, Chairman, Port of Antwerp, T.Shivaraman, President, MCCI, Cathy Berx, Governor, Antwerp Province, A.V.Vijayakumar, President, CCHAA, Luc Arnouts, Chief Commercial Officer, Port of Antwerp and S G Prabhakharan, Vice-President, MCCI.

MCCI officials with Cathy Berx

art infrastructure the Port of Antwerp has. Antwerp is in the heart of Europe and new ambitious activities are being planned for the future. Earlier B2B meetings were organized to enable the logistics trade in Chennai to meet the delegation and have one-on-one meetings.

11th February 2013:

Visit of Business Delegation from Oman & PAIPED Oman-India Matchmaking Trade Conference: A delegation from Oman visited Chennai and the Chamber along with Avalon Consulting organized an interaction meeting with them at Hotel Raintree Anna Salai. The delegationâ&#x20AC;&#x2122;s interests were limestone, perfumes, dates, chromium, marbles, condiments, mattresses, etc.

K.Saraswathi welcoming the guests. Seated l to r: Taleb Al Makhmari, Naseema Al Balushi, Saurabh Ranadive and Vistasp Major.

ANNUAL REPORT 2012 -13

APL India on containerised cargo, Mr R V Umasankar, President, Chennai Port Stevedores Association and Mr G Raghu Sankar, Executive Director, International Clearing & Shipping Agency spoke on behalf of Stevedores and Customs House Agents respectively. Mr M S Arun, Chairman, Chennai Chapter, NACFS gave the CFS’ perspective; Mr V Ramanan, Divisional Commercial Manager, Brakes India highlighted the user industry’s concerns and touched on quality, cost and delivery. Mr Ashok Gangadhar, GM of Asia Pacific Logistics, Ford India highlighted the expectations of OEM’s from the ports. B2B meetings in progress

The event was graced by Mr Hans Raj Verma, IAS., CMD., Tamilnadu Industrial Development Corpn. Ltd.

The Secretary General made a presentation on Tamilnadu for the benefit of the delegation. Mr Saurabh Ranadive, Senior Consultant, Avalon Consulting summarized the joint efforts with PAIPED clearly showing the increase in Omani exports to India since the initiative took off.

(Subsequently, the Chamber’s recommendations were forwarded to the Ennore Port for their consideration).

The highlights of the conference were - two deals being announced at the venue itself, a leading hospitality service provider agreed on a two year contract with a mattress exporter and a large order for dates from India’s largest importer was placed.

15th February 2013:

Trade Meet with Ennore Port Officials: This was the first ever trade meet organized by Ennore Port and our Chamber was the first one to be invited to such a meet. The objective was to facilitate interaction between the port authorities and the port users including the exim businesses. It was also to provide an opportunity to understand the facilities and services of the Ennore Port and convey to the officials the needs and expectations from the trade. The meet was addressed by Mr M A Bhaskarachar, CMD., Ennore Port Ltd. Mr S N Srikanth, Senior Partner of Hauers Associates, made a presentation on Ennore and other Indian Seaports – The Way Forward. Mr Senthil Kumar, General Manager of Ennore Port gave a snapshot of Ennore Port and its future plans. Presentations were also made by Mr Pankaj Gadhia, CEO of Lemuir Group on Project Cargo and Mr P C Johny, Director-South,

M. Bhaskarachar, CMD, Ennore Port, interacting with Chamber officials.

6th & 7th March 2013:

MSME National Level Vendor Development ProgrammeAIEMA Sourcing Fair 2013: The Madras Chamber supported this programme organized by MSME Development Institute in Chennai in association with AIEMA Technology Centre. The other supporters were SBI, SIDBI and NSIC. The objective of this Vendor Development Programme was to provide a common platform for MSMEs as well as large enterprises and Public Sector Undertakings to interact with each other and understand each other‘s strengths and requirements. It also provided an opportunity to display their products and machineries in the stalls allotted to them. The Chamber too had put up a stall to showcase the initiatives of its Skill Development Centre.

M.Bhaskarachar answering the queries of the participants. Seated next is Hans Raj Verma, IAS., Chairman, TIDCO . 54

ANNUAL REPORT 2012 -13

TRADE SERVICES: Trade Information & Library:

under the banner of Consultative Committee of City Chambers of Commerce charge a uniform fee for issue of Certificate of Origin and Visa Recommendation letters.

Trade enquiries received by the Chamber during the year related to imports, exports, joint venture possibilities, foreign collaborations, etc. and they were suitably replied to.

During the year, the Consultative Committee organised a Round Table discussion on Global Buyers Initiative launched by the US Department of Commerce on the 12th June 2012.

The Chamber has a compact library. Additions to the library are being intimated to the members through the Monthly Bulletin. Certification of Export Documents and Recommendations for Visas: The Chamber issues Certificate of Origin for goods being exported to other countries, attests export documents, invoices, agreements, sales contracts, etc. There is a sharp increase in this activity over the last few years. The Chamber also issues letters to the various Embassies/ Consulates recommending grant of visa for business travel. This service is, however, provided only to members of the Chamber.

ADVISORY SERVICES: Arbitration: The Chamber undertakes arbitration between members and also between members and non-members on request. It has a panel of arbitrators. The Chamber is a Life Member of the Indian Council of Arbitration, New Delhi.

A view of the Round Table discussion on Global Buyers Initiative launched by the US Dept. of Commerce.

The guests were Mr Matt Kennedy, Director, Office of Strategic Partnerships and Mrs Stephanie Smedile, Strategic Partnership Manager, Office of Strategic Partnerships. Media Releases: The Chamber issued the following media releases during the year:

ASSOCHAM:

26th February 2013

Railway Budget

The Madras Chamber is a Promoter Affiliate of The Associated Chambers of Commerce & Industry of India, (ASSOCHAM), New Delhi. The following were the nominees of the Chamber on the Managing Committee of Assocham for the year 2012-13:

28th February 2013

Union Budget

21st March 2013

Tamil Nadu State Budget

Chamber’s Bulletin “Chamber In-Touch”:

Mr Srinivasan K Swamy

The Chamber’s monthly Bulletin was regularly published. During the year, the Committee decided that it could be published once in two months, in view of the exorbitant costs in printing. Under its column SPOT LIGHT, the following topics were highlighted:

Mr N Srinivasan (F&R Retd)

April

- Solar Energy

Mr S Gopal

May & June

- Cloud Computing

FICCI:

July

- Cyber Security

The Chamber is also a Member of the Federation of Indian Chambers of Commerce & Industry, New Delhi.

August

- Special Economic Zones

Sept./October

- Green Buildings

CONSULTATIVE COMMITTEE OF CITY CHAMBERS OF COMMERCE:

November/December

- Competition Law

Mr T Shivaraman Mr S G Prabhakharan

The Chamber continued to be a Member of the Consultative Committee of City Chambers of Commerce during the year. It is a unique practice in Chennai in that the city Chambers coming 55

January/February - Entrepreneurship and Innovation Funding March

- The National Water Policy 2012

ANNUAL REPORT 2012 -13

REPRESENTATIONS TO GOVERNMENT The Chamber sent the following representations to various bodies: 28th April 2012

Dr Rahul Khullar IAS., Secretary, Ministry of Commerce & Industry reg. container related charges

25th June 2012

Chairman, CBEC – Finance Act 2012 – New Notifications dated 20.6.2012 to be effective from 1st July – requesting extension of time.

11th July 2012

Dr K Manivasan, IAS., Commissioner of Commercial Taxes regarding non-availability of ‘C’ Forms.

23rd August 2012

Dr H A C Prasad, Senior Economic Advisor, Ministry of Finance regarding exporters’ concerns.

24th August 2012

Dr Shobhit Jain, OSD TRU, CBEC – Leviability of Service Tax on staff benefits and employment related transactions

30th January 2013

Mr Sunil Kadam, General Manager – Corporation Finance Department, Divisions of Issues and Listing, SEBI – Consultative Paper on Review of Corporate Governance norms in India issued for public comments

January 2013

Mr P Chidambaram, Finance Minister – Seeking redressal on circular issued by CBEC regarding recovery of disputed demands of Customs, Central Excise and Service Tax, when the stay petitions are pending before Appellate Authorities.

1st March 2013

Ennore Port Ltd. regarding port issues

18th March 2013

Tamil Nadu Government – Issues relating to TNVAT – request for suitable amendments to TN VAT Act.

8th April 2013

Mr Sunil Kadam, General Manager – Corporation Finance Department, Divisions of Issues and Listing, SEBI – Amendment to ESPS/ESOP Guidelines 1999 and equity listing agreement – clarifications thereto

13th April 2013

Mr Sunil Kadam, General Manager – Corporation Finance Department, Divisions of Issues and Listing, SEBI – Clause 41 of the Listing Agreement – deadline for finalization of audited accounts – attention required to avoid difficulties

US COMMERCIAL SERVICE AWARD A Certificate of Appreciation for achievement in Trade was presented by the US Department of Commerce, US Commercial Service, to the Madras Chamber of Commerce & Industry in recognition of its services to expanding US-India Trade and Services.

l to r – Judy Reinke, Minister Counsellor for Commercial Affairs, Jennifer McIntyre, US Consul General, K.Saraswathi, Secretary General, MCCI and James Golsen, Commercial Consul and Principal Commercial Officer for South India. 56

ANNUAL REPORT 2012 -13

MEMBERSPEAK Following were the reactions of some of our members to the various programmes organised by the Chamber during the year: .......................................................................................................................

.......................................................................................................................

Conference on Creating Carbon Neutral Chennai - 6th June, 2013 It was a good meeting, in spite of the delay in the Chief Guest’s arrival. I thought he made several valid points, and good to have a summary of what he spoke. Look forward to more such meetings.

Congrats!! This was a great milestone for MCCI. The MCCI President’s speech and the Vote of Thanks note was scrispy. Especially arrangements were good in a short time. All cheers to MCCI!!!!!!!!

Dr R Mahadevan - India Pistons Ltd. ................................................................................................................. ......Thank you at the outset for giving me an opportunity to

Our heartiest congratulations. You have really honoured all of us by being the first Chamber in the country, hosting the President of India. Wish you many more successes.

participate in the CARBON NEUTRAL CHENNAI. I was driven by the sheer passion for the subject to participate. I should admit that I was ignorant of city’s one of biggest woes, the freight movement to harbour. Thanks to your effort, I could get a glimpse of my city’s problems, causes and solutions. I thank you and fellow members of the Chamber for the colossal effort and wish MCCI in all its noble endeavours. C. Ezhil Maran - Architect, Arann Architects .................................................................................................................

S.Gururajan,m Redington India Ltd. .......................................................................................................................

D.S. Rawat, Secretary General, Assocham .......................................................................................................................

I would like to place on record, the excellent lead taken by you to organize the felicitation of the President of India (which is first in Chennai and our Chamber has taken a march over all others.) TAB Barathi, Vice President, Wheels India Ltd. .......................................................................................................................

National Conference on Chennai Bengaluru Industrial Corridor Issues, Opportunities and the Way Forward – 21st July 2012:

Congratulations and here’s wishing the MCCI many more such unique events!

Excellent seminar. The topic chosen is very important for the present situation. I am proud to say that MCCI should prepare a detailed project and send it to Government under PPPP concept.

V. Vijay Kumar, Chief Representative Netherlands Business Support Office, Chennai .......................................................................................................................

Dr.E.Bhaskaran - Deputy Director of Industries and Commerce .................................................................................................................

Interactive session on Current Global Scenario – Problems and Prospects of Indian Exports - 17th August 2013: Thank you for organizing a very good effective programme on the problems faced by Indian exporters. Somi Hazari, Shosova Properties .................................................................................................................

FFT on Realising SME Aspirations – 25th August 2012: Dear Mr President At the outset, I sincerely appreciate the efforts taken by the MCCI in conducting the meeting on 25th August on a subject which is highly relevant and cries for immediate solutions from the Government. S.Ramamoorthy Retd Asst.General Manager, SBI .......................................................................................................................

Felicitation Meeting in honour of the President of India – 8th September 2012: Its a great initiation and a proud moment for MCCI. Niamathallah, Managing Director TACES Engineering India Pvt.Ltd. 57

My compliments on a well organised event. The visibility of the Chamber has gone up many times not only in the eyes of the public but also the Government. Well done. Dr. R.Mahadevan India Pistons Ltd. .......................................................................................................................

The whole evening was perfectly conducted and organised. It was due to your efforts and the whole team at MCCI which made us feel very comfortable, in spite of the wait. It is indeed a privilege and honour and the President’s coming was a clincher. Kindly accept our profound appreciation. Preetam Surana Surana & Surana International Attorneys .......................................................................................................................

The entire credit shall go to the Secretariat. Congrats for conducting the function with laser sharp precision and without an iota of flaw except the delay in the arrival of the President which is beyond our control. It is a great credit for our new President Mr T.Shivaraman and his team. We shall stand with you in all endeavours and help to do everything the best. Prof.A.Gandhi .......................................................................................................................

ANNUAL REPORT 2012 -13

.......................................................................................................................

FFT on Interest Rates and Economic Growth – 22nd September 2012:

Conference on “Tamil Nadu Power Dynamics and Future Perspectives” – 15th December 2012:

The FFT is a most interesting format to cover topical and complicated issues such as ones we covered today - all the 3 speakers were equally terrific as also your Committee member who summed up the session. All together I must say I have come back better informed and pleased to have joined. My compliments to MCCI on a most successful program. Christie Cherian BBG Chennai Trust .......................................................................................................................

Chamber Day – 29th September 2012: Excellent . Instead of self praise MCCI celebrated the day on present concerns and kindled the path forward. V Sivakumar Director & Chief Regional Coordinator Petroleum Conservation Research Association .......................................................................................................................

Please accept my congratulations on the superb arrangements for the event. The detailing of the event made it an absolute success. Vyjayanthi Rajiv Manager - Corporate Sales Global Adjustments Services Pvt. Ltd. .......................................................................................................................

FFT on Allocation Vs Auctioning of Economic Resources – 27th October 2012: That was a very nice program and I learnt and understood that India is safe thanks to the Supreme Court. Can you send me the presentations, if possible ....I would love to read again and pass it on to my circle of well wishers of India. M.Sundara Rajan Www.primaryinfo.com .......................................................................................................................

No doubt, FFT programme has been very interesting and educative. The last week FFT was very insightful. It would be my pleasure to continue to participate in FFT programmes of MCCI. T.V. Gopal Chief Public Relations Manager VA TECH WABAG LTD. .......................................................................................................................

The conference on Tamil Nadu Power Dynamics was well arranged with thoughtfulness. I really benefited by listening to the other lectures. My sincere thanks for the opportunity given to IGCAR and looking forward to further interaction. P. Puthiyavinayagam Associate Director – Core Design Group IGCAR, Kalpakkam .......................................................................................................................

Thanks for hosting this wonderful programme. Looking forward to further discussions, on an annual basis, on this vital subject. K.C.Shiva Manohar Regional Head, ULA, Chennai .......................................................................................................................

Talk by Dr Amitendu Palit on Emerging Trends in India-China Trade : It was nice learning unknown information about India - China Trade. Thanks for the opportunity extended to us. R Prabhu, Rane .......................................................................................................................

On E-mail communications: I congratulate on the tireless efforts you and your team undertake in trying to reach out people. I am really sorry that I could not attend some of the programmes and activities. Let us hope more work is coming on our way, due to the important announcement of Skill Development activity impetus by FM. TAB Barathi Wheels India Ltd. .......................................................................................................................

Highlights of the Union Budget 2013-14 Very crisp and precise. Well done. George.V.A Thejo Engineering .......................................................................................................................

Thank you very much for your invite. It was a very interesting topic and discussion. It was my pleasure to be a part of this intellectual group. Congrats on your great initiatives at MCCI. Daniel, UNIDO

ANNUAL REPORT 2012 -13

Guestspeak

ANNUAL REPORT 2012 -13

Chamber in the NEWS

ANNUAL REPORT 2012 -13

MCCI Representation on Public Bodies

Organisation

Representative

Central Excise Commissionerate I

Mr P R Sudhakar

Regional Advisory Committee

Brakes India Ltd.

Mr K Vaitheeswaran

Advocate & Tax Consultant

Central Excise Commissionerate II

Mr P R Subramaniyan

Regional Advisory Committee

Larsen & Toubro Ltd. (Construction)

Central Excise Commissionerate III

Mr K K Sekar

Regional Advisory Committee

Ashok Leyland Ltd.

CE – Public Grievance Committee Central Excise Commissionerate IV

Mr P R Sudhakar

Regional Advisory Committee

Brakes India Ltd.

Regional Direct Taxes Advisory Committee

Mr Sriram Seshadri

BMR & Associates LLP

Board of Trustees, Chennai Port Trust

Mr J Krishnan

Ennore Port Advisory Board

S Natesa Iyer & Co.

Chennai Trade Coordination Committee Customs Advisory Committee Cargo Facilitation Committee – AAI Business Development Cell of Chennai Port Trust

Capt. Suresh N Amirapu

Portman India Private Ltd.

Senate of the Annamalai University

Ms K Saraswathi

Sustainable Chennai Research Consortium

Secretary General

University of Madras - Oikos Chennai Chapter Voluntary Health Services – Central Committee Divisional Railway Users’ Consultative Committee (DRUCC), Southern Railway 65

ANNUAL REPORT 2012 -13

The Organisation PRESIDENT

VICE-PRESIDENT

GENERAL COMMITTEE

SECRETARY GENERAL

Specialised Committees - - - - - - - - - - - - - -

Support Services

Company Law/Corporate Matters Direct Taxes Economic Affairs Energy Environment, Pollution Prevention & Control Financial Sector HRD & CSR Indirect Taxes Industrial Development/Infrastructure IT & ITES Legal Affairs Logistics Manufacturing VAT

Trade Information: - Publications - Membersâ&#x20AC;&#x2122; database - Information database - Website

- Commercial Arbitration

- Visa Recommendation - Issue of Certificate of origin

- Membership - Accounts - Establishment

Auditors: Messrs. RGN Price & Co. were re-appointed as Auditors of the Chamber for the year 2012-13. Madras Chamber Secretariat: Mrs K Saraswathi Mrs Jessie Edwards Mr S Sankaranarayanan Mrs B Highland Mrs V Alamelu Mr P S Mohan Mrs D Vasumathi

Secretary General Deputy Secretary Senior Manager Manager (Trade Facilitation) Manager (Member Services) Manager (Accounts) Executive (Admn. & Programmes)

Support Staff Mr A Elumalai Mr R Suresh 66

ANNUAL REPORT 2012 -13

Corporate Members 足 A

4 I Apps Solution Pvt.Ltd A J Trust Educational Consultancy A S Shipping Agencies Pvt. Ltd. A V Thomas & Co. Ltd. Acrastyle Controls India Private Ltd. Adayar Gate Hotel Ltd. (ITC Sheraton Park) Addison & Co. Ltd. Adrenalin eSystems Ltd. Agaram Infotech Private Limited AGP International Services Akzo-Nobel India Ltd. Alcatel-Lucent India Ltd. Alfanar Engineering Services India Pvt. Ltd. Allison Transmission India Pvt. Ltd., Allsec Technologies Ltd. Alpha Water Technologies India Pvt. Ltd. Alstom T & D India Limited Altacit Global Amalgamations Private Ltd. Ambattur Clothing Ltd. Amman Try Sponge & Power (P) Ltd. Amrutanjan Health Care Ltd. Anand, Samy & Dhruva Anantara Solutions Private Limited Andritz Technologies Pvt. Ltd. Ankeena Networks Pvt. Ltd. Antosys Apex Laboratories Private Ltd. Aqua Designs India Private Ltd. Aquatherm Engineering Consultants (India) Pvt.Ltd. Arjun Chemicals Private Ltd. Arkema Peroxides India Private Ltd. Ashok Leyland Ltd. Ashok Leyland Nissan Vehicles Ltd. Audco India Ltd. Aumund Engg. Pvt. Ltd. Auro Mira Bio Energy Madurai Limited AVA Cholayil Health Care Private Ltd. Avalon Consulting Avant-Garde Engineers and Consultants Pvt. Ltd. Ayan Tech Solutions Pvt. Ltd. Ayyan Consultant

B & G Infrastructure Company Private Ltd. Balsara Engineering Products Pvt. Ltd. Bank of America Basco India Bashgo Maintenance Services Pvt. Ltd. Beardsell Ltd. Beva Silicones Private Ltd., BGR Energy Systems Ltd. 67

Bhaha Engineering Service Bharat Petroleum Corporation Ltd. Bharti Airtel Ltd. Blackstone Group Technologies Pvt. Ltd. BMR & Associates LLP BNP Paribas Brakes India Ltd. Britannia Industries Ltd. BS & B Technologies (P) Ltd. BSD & Associates BSR & Co. Buildcraft Interior Pvt. Ltd. Bumi Geo Engineering Ltd.

CADD Centre India Pvt.Ltd. Calibre Lubricon Pvt. Ltd. Cameo Corporate Services Limited Caparo Engineering India Ltd. Capricorn Food Products India Ltd. Castrol India Ltd. CavinKare Private Limited CCS Infotech Limited CEM Business Solutions Pvt. Ltd. Chain-Sys India Pvt. Ltd. Chakiat Agencies Pvt. Ltd. Chemplast Sanmar Ltd. Chennai Petroleum Corporation Ltd. Chettinad Cement Corporation Ltd. Chidambaram Shipcare Pvt. Ltd. Cholayil Pvt. Ltd. City Union Bank Ltd. Cogent Innovations Private Limited Cognizant Technolgy Solutions India Pvt.Ltd. Computer Age Management Services Pvt.Ltd Computer Sciences Corporation India Pvt. Ltd. Consolidated Construction Consortium Ltd. Contemporary News Pvt. Ltd. Cori Engineers Private Limited Corporate Consulting Group Corporation Bank Credit Agricole Corporate and Investment Bank Crompton Greaves Ltd. CSS Corp. Pvt. Ltd.

Dachser Pvt.Ltd. Daimler India Commercial Vehicles Private Ltd. Damodar Tradelinks Pvt. Ltd. Darts India Private Ltd. Dax Networks Limited Deloitte Haskins & Sells Delphi-TVS Diesel Systems Ltd. Deutsche Bank AG Dharsan Dredging & Construction

ANNUAL REPORT 2012 -13

Diana Shutters Pvt. Ltd. Dikshya Steel Fab Pvt. Ltd. DORMA India Private Ltd. Durr India (P) Ltd. Dynamic Netsoft Solutions India Pvt. Ltd. Dynamic Netsoft Technologies Pvt.Ltd.

Greaves Cotton Ltd.(Chennai) Greaves Cotton Ltd.(Ranipet) Greta Investments Ltd. GSV Associates Guardian Anti Corrosives (P) Ltd. Gulf Consult Designers & Engineers Pvt. Ltd.

Easun - MR Tap Changers (P) Ltd. Easun Reyrolle Ltd. Easy Solutions EDAC Engineering Limited Engenius Erectors Pvt. Ltd. Enmas Andritz Private Ltd. Enmas O & M Services Pvt. Ltd. Entvent Tools & Services EPT Engineering Services Pvt. Ltd. Ernst & Young LLP ESAB India Ltd. Eshwari Petro-Tech Products Pvt. Ltd. ETA Engineering Private Limited ETA Star Property Developers Ltd. Ethical Intelligent Technologies LLP Eurocon Tiles Eveready Industries India Ltd. Everest Industries Ltd. Excel Optics (P) Ltd. Express Infrastructure Pvt. Ltd.

Farm Implements (I) Pvt. Ltd. Fichtner Consulting Engineers (India) Pvt. Ltd. Fiducial Insurance Brokers India Pvt. Ltd. First Engineering Plastics India Pvt. Ltd. FLSmidth Private Limited Fluidtherm Technology (P) Ltd. Forbes & Company Ltd. Ford India Private Limited Fox Mandal & Associates Frendi Fashions Pvt. Ltd. Futura Polyesters Ltd. (Futura Fibres Division).

G M Pens International Ltd. Garuda Vaayu Shakthi Limited Gates Unitta India Company Pvt. Ltd. GE Energy, Power Conversion Gencor Pacific Organics India (P) Ltd. General Nice Mineral Resources (India) Pvt. Ltd. Gillanders Arbuthnot & Co.Ltd. Globelink WW India Private Ltd. GMR Power Corporation (P) Ltd. GMV Projects and Systems Gordon Woodroffe Logistics Ltd. GR Medi Corp

Haribhakti & Co. Hariharan Foundations Pvt. Ltd. Hauer Associates Hinduja Foundries Ltd. Hindustan Unilever Ltd. Housing Development Finance Corpn. Ltd. HVK Systems & Marketing Pvt. Ltd. Hyundai Motor India Ltd.

ICRA Management Consulting Services Limited iData Systemtech and Consulting Private Limited IDBI Bank Ltd. IL & FS Education & Technology Services Limited ImageGrafix Engg. Services Pvt. Ltd. iNautix Technologies India Private Ltd. India Cements Capital Ltd. India Pistons Ltd. Indian Additives Ltd. Indian Oil Corporation Ltd. Indian Overseas Bank Indian Potash Ltd. Info-Drive Software Limited Integrated Foods & Consumer Products (India) Pvt.Ltd. International Clearing & Shipping Agency (India) Pvt. Ltd. International Flavours & Fragrances India Ltd. International Services Invensys India Private Ltd. IP Rings Ltd. ITC Limited

J Cynergy Dental & Medical Johnson & Johnson Ltd. Johnson Lifts Pvt. Ltd. Jumbo Bag Ltd.

K Steamship Agencies Pvt.Ltd. K Vaitheeswaran & Co. K.I (International) Ltd. Kaleesuwari Refinery Private Limited Kannan Fibre Industries Kansai Nerolac Paints Ltd. Karnataka Bank Ltd. Kasturi & Sons Ltd. KCP Sugar & Industries Corporation Ltd. 68

ANNUAL REPORT 2012 -13

Keld Ellentoft (I) Pvt.Ltd. Kemin Industries South Asia Private Limited Kentz Engineering (India) Pvt. Ltd. Kilburn Electricals Ltd. Kilburn Office Automation Ltd. Kiran Global Chems Limited Knowledge Capital Investment Group Kochhar & Co. Kone Elevator India Pvt. Ltd. Kotak Mahindra Bank Ltd. Kothari Safe Deposits Ltd. Krebs Engineering Pvt. Ltd. Krishnan & Natarajan Kumar & Raj

Lakshmi Machine Works Ltd. Larsen & Toubro Ltd. (Construction) Leitwind Shriram Mfg. Ltd. Levergent Technologies India Pvt. Ltd. LNV Technology Private Ltd. Lornamead Corporate Services Private Ltd. Lovelock & Lewes Lucas Indian Service Ltd. Lucas TVS Ltd.

Object Frontier Software Pvt. Ltd. Oceanic Edibles International Limited Ocrim International Technologies Pvt. Ltd. Ojus Power and Technologies Private Ltd. Olam Information Services Private Ltd. Omnex India Pvt.Ltd. Orchid Chemicals & Pharmaceuticals Ltd. Orient Green Power Co. Ltd. Oriental Hotels Ltd. Oriental Hydraulics Pvt. Ltd. Oriental Solutions Pvt. Ltd. Origin Foods Limited Origin ITFS Private Limited

M K Raju Consultants Private Limited Maa Kuthari Projects Pvt. Ltd. Macmillan Publishers India Limited Madras Auto Service (TVS Group) Madras Cements Ltd. Madras Consultancy Group Magtaan Travels & Holidays Pvt. Ltd. Mahindra World City Developers Ltd. Malaysia Airlines Mark Softech Private Limited Market Simplified India Ltd. Maveric Systems Limited MB Metallic Bellows Pvt. Ltd. Mecaplast India Pvt. Ltd. Medopharm Mekeno4 Middle East Prestressing India Pvt. Ltd. Metallic Bellows (I) Pvt.Ltd. Metronic Engineering Pvt. Ltd. Metso Power India Private Limited Mira Organics and Chemicals Pvt. Ltd. Monarch Scientific Works MRF Ltd. MTL Instruments Pvt. Ltd.

N C Rajagopal & Co. N Venkataraman & Associates Nagman Instruments & Electronics (P) Ltd. 69

Navis India Technologies Pvt. Ltd. NBC Weldmesh Pvt. Ltd. Nectar Cybertech Private Ltd. Neophyll Agrisciences Pvt. Ltd. nice Neotech Medical Systems Pvt. Ltd. Nile Marine Services Nippon Paint (India) Pvt. Ltd. Nokia India Pvt. Ltd. Nubiola India (P) Ltd. Nutra Specialities Pvt. Ltd.

P K Power Appliances Private Ltd. Paragon Polymer Products (P) Ltd. Parry Agro Industries Ltd. Patel Mohan Ramesh & Co. Pavo Power Engineering Pvt. Ltd. Peirce Leslie India Ltd. Pentland India Trading Private Ltd. Pet Moulds Private Limited Petrofac Engineering Services India Pvt. Ltd. Philips Electronics India Ltd. Piramal Enterprises Limited PKF Sridhar & Santhanam PL Worldways Ltd. Portman India Private Limited Power Soaps Limited PPM Associates Prakash Foods & Feed Mills Private Ltd. Precia Molen India Ltd. Precision Controls Precision Equipments (Chennai) Pvt. Ltd. Price Waterhouse & Co. Print Plus Proactive Solutech (India) Pvt. Ltd. Proalign Consulting Private Limited Protech Consultants Pvt. Ltd. Protechsoft Systems Pvt. Ltd. Protechsoft Technologies Pvt. Ltd. Protection Engineering and Research Laboratories

ANNUAL REPORT 2012 -13

Prou India Engineering Private Limited PSL Ltd.

R K Swamy BBDO Private Ltd. R Subramanian & Co. R Sundararaman & Co. Raj Petro Specialities Pvt. Ltd. Ram E&I Systems Pvt. Ltd. Ramesh and Ramachandran Rane (Madras) Ltd. Rane Brake Lining Ltd. Rane Engine Valve Ltd. Rane TRW Steering Systems Ltd. Rarefield Engineers Pvt. Ltd. Raunaq Steels Trading Private Limited Redington (India) Ltd. Repute Infotech and Enterprises Ltd. Resurgent Corporate Support Services Pvt. Ltd. REV Consulting Reva Phoenix Engineers & Consultants Revathi Equipment Ltd. RGN Price & Co. RMC Readymix (India) (A Divn of Prism Cement Ltd.) Rotork Controls India Private Ltd. Royal Sundaram Alliance Insurance Co. Ltd. RRB Energy Ltd.

S & S Power Switchgear Equipment Ltd. S Natesa Iyer & Co. Sai Titanium Products Private Ltd. Saint-Gobain Glass India Ltd. Saipem India Project Services Limited Same Deutz Fahr India P. Ltd. Samsung India Electronics Pvt. Ltd. Samvad Partners (formerly Narasappa Dorasamy&Raja) San Media India Ltd. Sanco Trans Ltd. Sapcle Technologies Private Ltd. Sattva Logistics Private Ltd. SB SB and Associates Schneider Electric Infrastructure Ltd. Schwing Stetter (India) Pvt. Ltd. Scope International Private Ltd. Semanoor Technologies (P) Ltd. Shriram EPC Ltd. Shriram Transport Finance Co. Ltd. Simpson & Co. Ltd. Skylift Cargo (P) Ltd. Softeon India Pvt. Ltd. Solverminds Solutions & Technologies Pvt. Ltd. Spark Capital Advisors (I) Pvt. Ltd. Spearheaders Management Consultants Pvt. Ltd. SPI Cinemas Pvt. Ltd.

Sri & Sri Associates Sri City (P) Limited Sri Krishna Sweets SSA Business Solutions Pvt. Ltd. Stahl India Pvt. Ltd. Standard Chartered Bank State Bank of India Stonecolour Exim Private Limited Stud India Subbaraya Aiyar Padmanabhan & Ramamani Sundaram & Srinivasan Sundaram Asset Management Co. Ltd. Sundaram BNP Paribas Home Finance Ltd. Sundaram Clayton Ltd. Sundaram Finance Ltd. Sundram Fasteners Ltd. Super Auto Forge Private Ltd. Supreme Petrochem Ltd. Surana & Surana International Attorneys Swamy Associates Switzer Instrument Ltd. Symbiotic Infotech Pvt. Ltd. Symrise Pvt. Ltd.

T. Stanes & Co. Ltd. T V Sundram Iyengar & Sons Ltd. T&B International Pvt. Ltd. Taces Engineering (India) Pvt. Ltd. TAFE Access Ltd. Takraf India Private Ltd. Talbros Automotive Components Ltd. TANFAC Industries Ltd. Tebma Shipyards Ltd. Technology Associates Tecpro Systems Limited Tee Cee Enterprises Temenos India Private Ltd. The Great Spirit Company Pvt. Ltd. The Hongkong & Shanghai Banking Corporation Ltd. The India Cements Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The State Trading Corporation of India Ltd. The United Nilgiri Tea Estates Co. Ltd. Thejo Engineering Ltd. Thomson Press (India) Ltd. Thyssenkrupp Industries India Pvt. Limited Tidal Wave Infotech Private Ltd. Tide Water Oil Co. (I) Ltd. Tionale Impex Pvt. Ltd. Titanium Equipment and Anode Mfg.Co. Ltd. Titanium Tantalum Products Ltd. ToCheungLee Stationery Mfg. Co. Toshiba Machine (Chennai) Pvt. Ltd. 70

ANNUAL REPORT 2012 -13

Tractors & Farm Equipment Ltd. Translink Logistics Pvt. Ltd. Treeline Business Solutions Private Limited Treyaa Newtech Limited Trichy Distilleries & Chemicals Ltd. Trivitron Healthcare Private Ltd. TTK Healthcare Limited TTK-LIG Limited Turbo Energy Ltd. TVS Logistics Services Ltd. TVS Motor Company Ltd. U Udwadia & Udeshi & Argus Partners Ultra Tile Private Limited Ultratech Cement Ltd. United India Insurance Company Ltd. United Liner Agencies of India Pvt. Ltd. United Spirits Limited Unity Forge Private Ltd. V V Ramachandran V V Titanium Pigments Pvt. Ltd. VA Tech Wabag Ltd. Vaishnavi Freight Logistics (P) Ltd. Vamauzu Industrial Valves Vanilla Holdings & Investments Pvt. Ltd. VICI Engineers and Consultants Pvt. Ltd.

Affiliated Members Ambattur Industrial Estate Manufacturers’ Assn. Army Welfare Placement Node - HQ ATNK & K Area ASSIST Energy&Fuel Users’ Association of India Indian Fishnet Mfrs’ Association Industrial Waste Management Association Institute for Financial Management and Research International Enterprise Singapore Loyola-ICAM College of Engineering and Technology Madras Stock Exchange Ltd. MOP Vaishnav College for Women Nani Palkhivala Arbitration Centre National Management School Saveetha Engineering College Sri Sivasubramaniya Nadar College of Engineering St. Joseph’s College of Engineering St. Joseph’s Institute of Technology The Cocanada Chamber of Commerce The Karur Textile Manufacturers Exporters’ Association

Victor Grace & Co. Victoria Technical Institute Viking Shipping (Chennai)Pvt.Ltd. Virgo Polymers (I) Ltd. Visteon Automotive Systems India Voltas Ltd. Vyosoft Solutions Pvt. Ltd. W W S Industries (I) Ltd. WABCO India Limited Walker, Chandiok & Co. WAMEC India Water Jet Germany Pvt. Ltd. Wavin India Ltd. Weiss Rohlig India Pvt. Ltd. Wheels India Ltd. WIMCO Ltd. Winsar Infosoft Pvt. Ltd. X XS Real Properties Pvt. Ltd. Y Yazaki Wiring Technologies India Pvt. Ltd. Z Zamil Steel Engineering India Pvt. Ltd.

The Madras Electric Trades Assn. The Madras Piecegoods Merchants’ Association The Malabar Chamber of Commerce The Netherlands Business Support Office The Planters’ Association of Tamilnadu The United Planters’ Assn. of Southern India Trade Commission of Denmark Tuticorin Chamber of Commerce & Industry Honorary Members: The Chief Post Master General, Tamil Nadu General Manager, Southern Railway Chief General Manager, Chennai Telephones Chairman, Chennai Port Trust Chief Commissioner of Customs, Chennai Mr C S Krishnaswami, Chennai

ANNUAL REPORT 2012 -13

PAST CHAIRMEN/PRESIDENTS

(From the year 1996 the designation of Chairman was changed to President.)

1836

Mr John Alves Arbuthnot

1857

Mr William Hamilton Crake

1887

Mr S R Turnbull

1837

Mr John Alves Arbuthnot Mr John Williams Dare

1858

Mr John Vans Agnew

1888

1859-60

Mr Henry Nelson

Mr S R Turnbull Mr D Rasbotham

Mr Alfred John Byard Mr William Reirson Arbuthnot

1889-90

Mr J A Boyson

1891-92

Mr S R Turnbull

1893-94

Mr J A Boyson

1895

Mr G G Arbuthnot Mr G L Chambers

1896

Mr G L Chambers

1897

Mr G G Arbuthnot

1898

Mr G G Arbuthnot Mr S R Turnbull

1899

Mr S R Turnbull Mr E.P. Vans Agnew

1900

Mr G G Arbuthnot

1901

Sir George Arbuthnot Mr A J Yorke

1838

Mr John Williams Dare Mr William Scott Binny

1861

1839

Mr William Scott Binny Mr John Line

1862

Mr William Hamilton Crake Mr Robert Orr Campbell

1840

Mr John Line Mr James Scott

1863

Mr William Hamilton Crake

1841

Mr James Scott

1864

Mr Alfred John Byard Mr Henry Tolputt

1842

Mr James Scott Mr John Utley Ellis

1865

Mr Henry Tolputt Mr John Young

Mr John Utley Ellis Mr J Ouchterlony

1866-67

Mr Alexander Forrester Brown

1844

Mr J Ouchterlony

1868

Mr Alexander Forrester Brown Mr William Rierson Arbuthnot

1845

Mr J Ouchterlony Mr James Thomson

1869

Mr Alfred John Byard

Mr James Thomson Mr John Binny Key

Mr John Charles Loch

1870-71

Mr Patrick Macfadyen

1902

Mr A J Yorke

1847

Mr John Binny Key Mr George Arbuthnot

1872

Mr Robert Chillingworth Walker

1903

1848

Mr George Arbuthnot

1873

Mr Alexander Forrester Brown

Sir George Arbuthnot Mr H Scott Sir George Arbuthnot

Mr J Ouchterlony

Mr Patrick Macfadyen

1904

1874

Mr A J Yorke

Mr Henry Nelson

Mr Clement Simpson

1905

1849

1875

Mr William McTaggart Mr William Urquhart Arbuthnot

Mr Patrick Macfadyen

1906

1850

1876

Mr A J Yorke Mr V G Lynn

1877

Mr Patrick Macfadyen

1907

Mr V G Lynn

1908

Mr V G Lynn Mr A J Yorke

1843

1846

1851

Mr J Ouchterlony

Mr John Jones

1852

Mr Joseph Goolden

1878

Mr Alexander Mackenzie

1853

Mr James Scott Mr J Ouchterlony

1879

Mr Alexander Mackenzie

1909

Mr V G Lynn

1880

Mr Patrick Macfadyen

1910-11

Mr Hugh Fraser

1854

Mr James Scott Mr Robert Orr Campbell

1881-82

Mr Clement Simpson

1912

Mr A D Jackson

1855

Mr Robert Orr Campbell

1883-84

Mr James Charles Shaw

1913

1856

Mr J Ouchterlony Mr John Binny Key

1885

Mr John Alexander Boyson

Mr A D Jackson Mr W B Hunter

1886

Mr George Gough Arbuthnot

1914

Mr A D Jackson Sir Hugh Fraser 72

ANNUAL REPORT 2012 -13

1915-17

Mr Gordon Fraser Mr C E Wood

1956

Mr J R Galloway

1994-96

Mr L Lakshman

1918-19

Sir Gordon Fraser Mr C E Wood

1957

Mr G N Noel-Tod, C.B.E

1996-98

Mr N Srinivasan (ICL)

1958

Mr E J M Leigh

1998-99

Ms Mallika Srinivasan

1920-21

Mr James Simson

1959

Mr P Hadfield

1999-2000 Mr G K Raman

1922

Sir James Simson Mr W.Alexander

1960

Mr E F G Hunter

2000-2001 Mr L Sabaretnam

1961

Mr R M King

2001-2002 Mr N Ramachandran

1923

Sir Gordon Fraser Mr C E wood

1962

Mr B B Dod

2002-2003 Mr K V Shetty

1924-25

Mr T M Ross

1963

Mr M J Edwards, O.B.E.

2003-2004 Mr B Natraj

1926-27

Mr C E Wood

1964

Mr D M Law

2004-2005 Mr Murali Venkatraman

1928

Mr K Kay

1965

2005-2006 Mr V Balaraman

1929-30

Mr H F P Hearson

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

1931

Mr F Birley

1966

Mr A W Stansfeld

2007-2008 Mr Arun Bewoor

1932

Mr K Kay

1967

Mr John K John

2008-2010 Mr Srinivasan K Swamy

1933

Mr W M Browning

1968

Mr E W D Jeffares, M.C.

2010-2012 Mr T T Srinivasaraghavan

1934

Mr W M Browning

1969

Mr A M M Arunachalam

1935

Sir William Wright, O.B.E.

1970

Mr M E Bourcier

1936

Mr F Birley

1971

Mr C P Featherstone

1937

Mr G A Bambridge

1972

Mr N S Bhat

1938

Mr D M Reid, O.B.E.

1973

Mr A K Sivaramakrishnan

1939

Sir Gerald Hodgson

1974

Mr M M Muthiah

1940

Sir Robert Denniston

1975

Mr P D Whiteley

1941-43

Mr J Nuttal

1976

Mr C D Gopinath

1944

Mr C Elphinston

1977-78

Mr J K Clubwala

1945-46

Mr H S Town

1979-80

Mr A Sivasailam

1947

Mr W T Williams

1981-82

Mr M K Kumar

1948

Mr H I Wonfor, C.B.E.

1983-84

Mr K V Sitaram

1949

Mr B W Batchelor

1985-86

Mr N Sankar

1950

Mr H I Wonfor, C.B.E.

1987

Mr M V Murugappan

1951

Mr H S Macqueen

1988

Mr Hari Eswaran

1952-53

Mr H I Wonfor, C.B.E.

1989-91

Mr V Chidambaram

1954

Mr R E Castell, C.B.E.

1991-93

Mr N Venkataramani

1955

Mr T Rogers

1993-94

Mr N Srinivasan (F & R)

2006-2007 Mr A Sankarakrishnan

Witness to history. The Chamberâ&#x20AC;&#x2122;s logos over the years.

ANNUAL REPORT 2012 -13

R.G.N PRICE & CO. Chartered Accountants Phone: 28413633 & 28583494 Telefax: 28544569 E-mail: price@vsnl.com Offices at: Mumbai, Bangalore, New Delhi. Cochin, Quilon and Calicut

Simpson’s Building Post Box No.335 861, Anna Salai Chennai 600 002

11th May 2013

To the Members of The Madras Chamber of Commerce and Industry 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, 2013, and the Income and Expenditure Account for the year then ended, and a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements The Chamber is responsible for the preparation of these financial statements that give a true and fair view of the financial position. 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 mis-statement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material mis-statement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material mis-statement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Chamber’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion and to the best of our information and according to the explanations given to us, we report that : i. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of our audit. ii. In our opinion, proper books of account as required by law have been kept by the Chamber, so far as it appears from our examination of those books. iii. The Balance Sheet and Income and Expenditure account dealt with by this report are in agreement with the books of account. iv. In our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Tamil Nadu Societies Registration Act, 1975, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India. a) In the case of the Balance Sheet, of the state of affairs of the Chamber as at March 31, 2013. b) In the case of the Income and Expenditure Account, of the excess of income over expenditure for the year ended on that date;

For RGN Price & Co Chartered Accountants

Sd/ A.R. Parthasarathy Partner M. No. 205702 FR No.002785S

ANNUAL REPORT 2012 -13

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY BALANCE SHEET AS AT MARCH 31, 2013 Schedule

As at March 31,2013 Rs

As at March 31,2012 Rs

SOURCE OF FUNDS

General Fund

Chamberâ&#x20AC;&#x2122;s 175th Year Celebration Fund

Total

55593317 -

52018489

55593317

52018489

APPLICATION OF FUNDS Fixed Assets

Gross Block

31429973

30917759

Less : Depreciation

7431827

5907279

Net Block

23998146

25010480

Investments

31300000

26500000

Current Assets, Loans and Advances Sundry Debtors

14411

66500

Cash and Bank balances

654633

848832

Other Current Assets

802328

798728

Loans and Advances

507813

701488

1979185

2415548

Less : Current Liabilities and Provisions Liabilities

1684014

1907539

Net Current Assets

295171

508009

Total

55593317

52018489

Notes on accounts

The schedules referred to above form an integral part of the Balance Sheet. Sd/- Sd/- Sd/- President Vice President Secretary General

This is the Balance Sheet referred to in our report of even date.

For R G N Price & Co. Chartered Accountants

Sd/

A.R. Parthasarathy Partner Chennai M. No. 205702 11th May 2013 FR No.002785S 75

ANNUAL REPORT 2012 -13

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED MARCH 31,2013 Schedule

Year ended March 31,2013 Rs

Year ended March 31,2012 Rs

INCOME

Subscription

6483000

5750250

Entrance Fees

68000

58000

Seminar Income

1184790

1258227

Other Income

9277447

8830590

17013237

15897067

EXPENDITURE

Employee Costs

6036490

6170593

Other Expenses

5809004

5589004

Depreciation

1592915

1580204

13438409

13339801

Excess of Income over Expenditure for the year Transfer to General Fund Notes on accounts

3574828 3574828

2557266 2557266

The schedules referred to above form an integral part of the Income and Expenditure account. Sd/- Sd/- Sd/- President Vice President Secretary General

This is the Income & Expenditure account referred to in our report of even date.

For R G N Price & Co. Chartered Accountants Chennai 11th May 2013

Sd/ A.R. Parthasarathy Partner M. No. 205702 FR No.002785S

ANNUAL REPORT 2012 -13

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY SCHEDULES FORMING PART OF ACCOUNTS SCHEDULE 1 A

As at March 31,2013 Rs

As at March 31,2012 Rs

52018489

49033380

GENERAL FUND

As per last Balance Sheet

Add

a. Transfer from Chamber’s 175th Year Celebrations

427843

b. Surplus from Income & Expenditure account transferred

3574828

2557266

55593317

52018489

SCHEDULE 1 B Chamber’s 175th Year Celebrations Fund

As per last Balance Sheet

1139869

Add :

Special contribution by members

555500

1695369

a. Expenditure incurred

1267526

b. Transfer to General Fund

427843

Less :

1759288

426328

722020

861767

Furniture and Fixtures

Office equipments

Computers

Vehicles

30917759

2218158

Electrical Installations

5805508

665731

1850

24000

43781

153517

49955

16000

43781

Buildings

596100

19124690

Land & Development- Freehold

31429973

861767

673915

434328

1759288

2218158

5761727

19720790

Cost as at 31.3.2013

5907279

343927

428571

197661

703782

704848

3528490

Upto 31.3.2012

Gross Block

Cost as at Additions Deletions 01.04.2012

Description

FIXED ASSETS

SCHEDULE 2

1592915

214542

130306

73046

367241

555108

252672

- -

68367

43530

16000

8837

For the Deletions Year

Depreciation

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY SCHEDULES FORMING PART OF ACCOUNTS

7431827

558469

515347

254707

1071023

1251119

3781162

Upto 31.3.2013

23998146

303298

158568

179621

688265

967039

1980565

19720790

As at 31.3.2013

25010480

517840

293449

228667

1055506

1513310

2277018

19124690

As at 31.3.2012

Net Block

(Figures in Rupees) ANNUAL REPORT 2012 -13

ANNUAL REPORT 2012 -13

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY SCHEDULES FORMING PART OF ACCOUNTS

As at March 31,2013 Rs

As at March 31,2012 Rs

SCHEDULE 3 Investments Fixed Deposits with

Sundaram BNP Paribas Home Finance Ltd

5000000

Tamil Nadu Power Finance & Infrastructure Development Corporation Limited

3000000

Term Deposits held with Banks

23300000

18500000

31300000

26500000

Debts Outstanding for a period exceeding six months Others

7000 7411

66500

14411

66500

4315

2815

On Current Account

650318

846017

654633

848832

Total

SCHEDULE 4 SUNDRY DEBTORS (Unsecured- Considered Good)

SCHEDULE 5 CASH AND BANK BALANCES

Cash on hand

Balance with Scheduled Banks

ANNUAL REPORT 2012 -13

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY SCHEDULES FORMING PART OF ACCOUNTS

As at March 31,2013 Rs

As at March 31,2012 Rs

SCHEDULE 6 OTHER CURRENT ASSETS (Unsecured- Considered Good)

Interest accrued on

Investments

357499

662051

Tax deducted at source

444829

136677

802328

798728

SCHEDULE 7 LOANS AND ADVANCES (Unsecured- Considered Good)

Deposits

387309

587309

Prepaid expenses

120504

114179

507813

701488

SCHEDULE 8 LIABILITIES

Sundry Creditors

455924

592289

Subscription, Advertisement & Seminar Fees received in advance

28090

115250

Rent Deposit

1200000

1684014

1907539

ANNUAL REPORT 2012 -13

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY SCHEDULES FORMING PART OF ACCOUNTS

Year ended March 31,2013 Rs

Year ended March 31,2012 Rs

SCHEDULE 9 OTHER INCOME Interest on Investments Rent Fees for Certificate of Origin Advertisement Income Profit on sale of Fixed Assets Miscellaneous Income

2685716 2400000 3551140 106000 - 534591 9277447

2274100 2437400 3510270 140640 20000 448180 8830590

SCHEDULE 10 EMPLOYEE COSTS Establishment cost Contribution to Provident & other funds Staff Welfare

5326444 567041 143005 6036490

5560627 468856 141110 6170593

297754 750709 1824616 560351 201828 124503 19972 183186 296688 517581 83557 43693

266545 909770 767034 713363 186254 137262 19941 146599 600687 480459 112765 37440

33708 21517 331096 352500 132376 33369 5809004

33090 39711 605541 400000 132543 - 5589004

SCHEDULE 11 OTHER EXPENSES Subscription to Associations Expenses on seminars and conferences Meeting expenses Printing & Stationery Electricity Charges Telephone Charges Books & Periodicals Travel Expenses Rates and Taxes Repairs and Maintenance Postage and courier Insurance Payment to Auditors - Audit Fee - Other services Legal & Professional fees Rent Miscellaneous Expenses Loss on disposal of fixed assets 81

ANNUAL REPORT 2012 -13

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY SCHEDULES FORMING PART OF ACCOUNTS SCHEDULE 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 due to practical reasons. Fixed Assets : Fixed assets are stated at cost. Cost includes acquisition and installation expenses. Depreciation : 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. The rates of depreciation are as under. Percentage (%) Building 10 Electrical Installations 25 Furniture & Fixtures 25 Office Equipment 25 Computers 33 Vehicles 25 Investments : Investments are stated at cost. Retirement benefits : Liability towards gratuity and superannuation are determined in accordance with the schemes formulated by the Chamber and contribution is made to the respective funds administered by the Life Insurance Corporation of India as per the rules of the aforesaid schemes. All contributions are charged to revenue when due. 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 as per Chamber policy. 2. Notes a. The Director of Income Tax (Exemptions) had vide its Order 2/161/12AA (3) dated 7th December 2011, cancelled registration granted under section 12A of the Income Tax Act, 1961. The Chamber had filed a writ petition which was admitted by the High Court of Madras and the stay granted. The High Court of Madras vide its Order dated 28th June 2012 has vacated the stay and directed the Chamber to file an appeal before the Income Tax Appellate Tribunal. The Chamber has filed an appeal before the Income Tax Appellate Tribunal on 7th August 2012. Stay has been obtained against the demand till the disposal of the appeals. b. The Chamber had received an Order under section 143(3) of the Income Tax Act dated 20th December 2011 for assessment year 2009-10 demanding tax amounting to Rs 15,55,477. During the year the Chamber has received an Order under section 143(3) dated 15th February 2013 for assessment year 2010-11 demanding tax amounting to Rs 19,77,600. An appeal has been filed before the Commissioner of Appeals (Income Tax) against the demand made. No provision for taxation has been made for both the assessment years. c. The expenditure of the Skill Development Centre which has been launched during the year amounting to Rs 9,81,724/- ( Previous Year- Rs 12,58,421/-) has been allocated under the respective heads of accounts. d. Previous yearâ&#x20AC;&#x2122;s figures have been regrouped/reclassified wherever necessary to conform to the presentation of current yearâ&#x20AC;&#x2122;s accounts.

ANNUAL REPORT 2012 -13

FELICITATION TO THE PRESIDENT OF INDIA HIS EXCELLENCY SHRI PRANAB MUKHERJEE

T.Shivaraman presenting a memento to H.E.Shri Pranab Mukherjee.

H.E. Shri Pranab Mukherjee with the Coffee Table Book presented to him.

ANNUAL REPORT 2012 -13

In the words of John Alves Arbuthnot, the First Chairman of the Chamber... â&#x20AC;&#x153;...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 facilitatedâ&#x20AC;?.

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