MCCI Annual Report 2018 by Madraschamber

PRESIDENT’S REPORT

Dear Members, It gives me great pleasure to present the 182nd Annual Report of the Madras Chamber of Commerce & Industry. I am honored to have been the President of this historical Chamber for the past two years which had been a fulfilling experience. As we move forward towards our bicentenary, we are happy that we are building on our strengths to be more helpful to our members. This report shares some of the details of our activities in the past one year and highlights our commitment towards serving the business at large and our members in particular. It cannot be “business as usual” with GST finally turning out to be a reality, but I always believe that we have the capability to adapt ourselves quickly to the constant changes that keep happening in the economy, though we may have to face some challenges in the process . The Chamber has been doing its best to help members to tide over the difficult path and guide them to grow. In the last AGM ,the Chamber had the privilege of having Mr. Deepak Bagla, MD & CEO Invest India, New Delhi as the Chief Guest, Ms. Shilpa Prabhakar, IAS, Executive Vice Chairperson, Tamil Nadu Guidance Bureau, Govt of TN & Mr. T.T.Srinivasaraghavan, Managing Director, Sundaram Finance Ltd., as Special Guests at our 181st AGM on 13th July, 2017. In the other special occasion of the Chamber – the Chamber Day which was celebrated on 26th September, 2017, we had the honour of having Mr. Srivats Ram, Managing Director, Wheels India Ltd., as the Chief Guest and Dr. V. Anantha Nageswaran, Senior Adjunct Fellow (Geo-Economic Studies), Gateway House – Indian Council on Global Relations, Mumbai as the Special Guest. Both the above occasions brought in us lot of fresh ideas and new hopes. As a leading Chamber, we constantly engage with the Central and State Government, advocating for business friendly policy environment. The Chamber had fruitful interactions with the then Hon’ble Minister for Railways, Mr. Suresh Prabhu and Ms. Shilpa Prabhakar, IAS, Executive Vice Chairperson, Tamil Nadu Guidance Bureau, Govt of TN. It provided a platform to put forth our views and recommendations

for improving the hard and soft infrastructure and the ease of doing business. The Chamber also believes in scientific and authentic information before we do any advocacy. That is precisely the reason for our taking up very valuable studies and researches on our industries and policies. We can state with legitimate pride that our study on Regulatory roadmap for TN manufacturing industries, carried out a couple of years back, showed the way for the Business Facilitation Act enacted by the State Government recently. On the same note we are currently doing a study on the health of Industrial estates in TN with the main objective of identifying potential avenues for improving the same from infrastructure and operational standpoint as the Industrial estates/parks are generally the gateway for investment into the State. The study covers around 15 Industrial Estates in Chennai and select districts, a few Private Parks in TN and few estates outside TN.Based on the findings, the report would come up with a set of suggestions and recommendations that can help enhance TN’s Industrial Estates and lead the way for future estates. The Study is in its final stages and would be released soon. Another major highlight for the year 2017 was the mammoth Conference organized under the Sustainable Chennai Forum. The Chamber along with NIUA participated in the bid and was selected by UNHABITAT to host the first Urban Thinkers Campus in Chennai with the theme “Chennai as a Global City” coinciding with the 6th Anniversary of the Sustainable Chennai Forum. NIUA and IMacs were our Knowledge Partners. IITM was our Associate Partner. The Campus had three major themes and important subthemes under each of them running in parallel to bring forth the favorable and adverse factors in making Chennai a truly global city. We had the privilege of having many key bureaucrats from the Government of Tamil Nadu taking part in the deliberations and we also had the honor of having the Honorable Deputy Chief Minister of the State of Tamil Nadu, Mr. O. Panneerselvam in the Valedictory Session. Around 200 participants and 60 + experts took part in the first of its kind conference and gave a positive feedback. The technical experts from NIUA summarized the action points for each stake holder which the Chamber is pursuing with ANNUAL REPORT 2017-18

a detailed action plan. Meanwhile the good news is that for the current year also we have been identified by the UN Habitat to host the second conference in Chennai with a very timely theme of Moving towards Zero waste in Chennai. Yet another distinct program this year was the CSR Conference organized under the auspices of the Expert committee on CSR on the theme “Synergy for maximizing Impact”. This conference had unique round tables organized to connect the Corporate and NGOs under four sectors, namely, Education, Environment, Livelihood & Community Development and Healthcare followed by a Major conference addressed by Dr Mukund Rajan of Tata Sons Ltd and Dr Sivakumar Group Head – Agri & IT Businesses ITC Ltd.,. For the first time the Chamber launched the MCCI CSR Awards with an objective to encourage the synergy between Corporate and NGOs in delivering projects that has a social impact. There is enthusiastic participation from NGOs- Corporates duo and the applications received are evaluated unbiased by reputed institutions. The winners would be awarded in the Annual General Meeting of the Chamber. The Chamber is also involved in the larger mission of the Chennai Corporation to restore and rejuvenate water bodies in and around Chennai. The Chamber has played a pivotal role in linking Corporate with the concerned agencies that are implementing the restoration of water bodies in and around Chennai. The Chamber continued to organize its flagship activities, namely, Power Conference, Post Budget Workshop, Discussion on State of Indian Economy, All India Workshop on GST and many others. These were attended in large numbers proving that our programs continue to be a class apart and are absolutely relevant to our members. The Chamber’s unique certificate courses on Industrial Relations, CSR for Corporate and NGOs have been very successful because of the practical exposure and learning they offered by including field visits and live case studies and experience sharing. The Chamber has plans to have more such certificate courses in HR, EXIM, and Manufacturing and other domains. Our Joint programs, especially the meetings with the EPF Commissioner, e-way bill awareness sessions with National Academy of Customs, Indirect Taxes & Narcotics (NACIN), Interaction with the Commissioner of Customs IV drew huge response from the Members. Further, we had our 5th Trade Meet with Kamarajar Port, strengthening our ties with the Port and its activities. Our Industrial visits to Mando, Mahindra World City, Sri City to leran the good practices were welcomed by the members and the highlight was the Chamber’s visit to Madras Atomic Power Station (MAPS) Kalpakkam and Nemelli Desalination Plant. The Chamber also conducted numerous seminars, awareness programs, in house trainings. The list is too long. The positive feedbacks from the participants

ANNUAL REPORT 2017-18

for these programs continue to motivate us to strive for excellence in providing the best to our members. The Chamber has formed a Membership Committee under the guidance of the Vice President ably supported by the Co Chairpersons of the various Expert Committees with an objective to strengthen the membership fold of the Chamber. Further, the Chamber has commenced organizing sector wise meetings to encourage members from different sectors to highlight their expectations from the Chamber and the specific issues they want the Chamber to take up on behalf of them. This, we hope, will further strengthen our relationship with the members and will make us more purposeful. The General Committee and the Expert Committee meetings were held regularly to discuss various subjects which are of immediate concern and relevant to our members, devise appropriate programs, prepare need based representations to the Government . This year marks a personal milestone for me as it brings my term as a President to a close. It is natural, at this juncture, to reflect on the years gone by. It has been a great privilege and pleasure for me to be the President of this organization for 2 years. I was happy to carry over the legacy of my father Mr. N.Venkataramani and many other stalwarts who played a pivotal role in the growth of the Chamber. I had the opportunity to shake hands with bureaucrats, International delegations, thought leaders, Industry Heads during my tenure. On the whole, it was a gratifying experience. I would like to thank the entire General Committee, Expert Committees for the unstinting support in making the last two years a success. My special thanks to the Secretariat for all their cooperation and dedication in the meticulous implementation of the various activities. I would also like to extend my heartfelt gratitude for the continued support and patronage of our members which is the rock bed for all our achievements as a Chamber. I humbly request you to continue your cooperation as we move forward. Let us collectively look to the future with hope and inspiration. I look forward to collaborating with all members of the MCCI family, as we aspire to higher levels of excellence in the years ahead. Wishing the Chamber and the members, the very best in all their endeavors. Best Wishes

Ram Venkataramani President

OUR MISSION  It is our mission to proactively influence public policy and practice on issues which impact economy, trade, commerce and industry and also social processes such as education and health, infrastructure and environment. Reliability, timeliness, innovation and work ethic of a high order is our offer to support and serve our Members .  VALUES 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 continuously for improving the quality of work life

ANNUAL REPORT 2017-18

GENERAL COMMITTEE 2017-2018 President: Mr.Ram Venkataramani Managing Director I P Rings Ltd.

Mr. A. R. Subramanian

Vice-President:

Executive Director-Finance & Company Secretary Schwing Stetter India Pvt. Ltd.

Ms.Gayathri Sriram

Mr. K. Vaitheeswaran

Managing Director Ucal Auto Pvt.Ltd..

Members (Elected) : Mr.G.S.Anil Kumar

Advocate & Tax Consultant K.Vaitheeswaran & Co.,

Mr. P. Viswanathan Secretary & Compliance Officer Sundaram Finance Ltd.

Managing Director Jumbo Bag Ltd.

Ex-Oﬃcio

Mr.Ashwin Vishwanathan

Mr.S.G.Prabhakharan

Partner Ernst & Young LLP

Chairman XS Real Properties Pvt.Ltd.

Mr. N. S. Balachandra Datta

Members (Co-opted)

Vice President Corporate Affairs Hyundai Motor India Ltd.

Mr.Ishwar Achanta Chairman & Managing Director Portman India Private Limited

Mr. P. Kaniappan Managing Director WABCO India Ltd.

Mr. J. Krishnan Partner S Natesa Iyer & Co.

Mr. S. Krishnan Partner Krishnan & Natarajan

Mr.V.M.Mohan Executive President - Corporate Finance The India Cements Ltd.

Mr. S. Parthasarathy Chief Executive Officer Rane (Madras) Ltd.

Mr.N.K.Prasad

Dr.Bhaskar Ramamurthi Director Indian Institute of Technology Madras

Mr.V.A.George Managing Director Thejo Engineering Ltd.

Mr.T.R.Kesavan President & COO TAFE Ltd.

Mrs.Lakshmi Narayanan Wholetime Director T.Stanes and Company Ltd.

Mr.Mathew Joseph Member of Executive Management Housing Development Finance Corporation Ltd.

Dr. K. Nirmala Prasad Former Principal, M.O.P.Vaishnav College for Women

Mr. R. Raghuttama Rao

President & CEO Computer Age Management Services Pvt. Ltd.

CEO Gopalakrishnan Deshpande Centre for Innovation and Entrepreneurship (GDC)

Mr.K.Ramakrishnan

Mr.Raju Venkatraman

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

Mr. Ramkumar Ramamoorthy Executive Director, India Cognizant Technology Solutions India Pvt.Ltd.

Mr. Ramkumar Shankar Managing Director Chemplast Sanmar Ltd.

Mr.S.Ravishankar Joint Managing Director Super Auto Forge Private Ltd.

Mr.P.Sridharan Executive Director Shriram Transport Finance Co.Ltd.

ANNUAL REPORT 2017-18

Managing Director & CEO Medall Healthcare Private Limited

Mr. V. Ranganathan Senior Advisor Ernst & Young Pvt. Ltd.

Mr. N. K. Ranganath Managing Director Grundfos Pumps India Ltd.

Mr.P.N.Vasudevan Managing Director Equitas Small Finance Bank Ltd.

Mr. Vijay Sankar

Mr.R.Vittal Raj

Deputy Chairman The Sanmar Group

Partner Kumar & Raj

Mr.Vijay Srinivasan Director T A Taylor Pvt.Ltd.

Special Invitees (Past Presidents) Mr. V. Balaraman

Mr.T.Shivaraman

Former Chairman CAMS

Managing Director & CEO Shriram EPC Ltd.

Mr. Hari Eswaran

Mr. Srinivasan K Swamy

Chairman Easun Group

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

Ms. Mallika Srinivasan

Mr. N. Srinivasan

Chairman & Chief Executive Officer Tractors & Farm Equipment Ltd.

Senior Partner (Retd.) F & R

Mr. N .Srinivasan

Mr. N. Ramachandran

Vice-Chairman & Managing Director The India Cements Ltd.

Chairman Results Investments Pvt Ltd

Mr. T. T. Srinivasaraghavan

Mr. L. Sabaretnam

Managing Director Sundaram Finance Ltd

Director, Coromandel Sugars Ltd.

Mr. N. Venkataramani

Mr. N. Sankar

Chairman & Managing Director India Pistons Ltd.

Chairman The Sanmar Group

PROGRAMS AT A GLANCE

2017-18 Statutory

Flagship Activity

Special Program

Sowing the Seeds

Doing the Honors (Visit of Delegations)

Together we grow (Joint Programs)

Inspire to Innovate (Industrial Visits)

Sustainable Chennai Forum (SCF)

Food For Thought

Expert Committee (Seminars/Workshops & Training Programs)

General Committee Meetings

Expert Committee Meetings

Membership Committee Meetings

ANNUAL REPORT 2017-18

PROGRAMS APRIL 2017 - MARCH 2018 3rd April 2017 Interactive meeting with Estonia Ambassador Special Guest : Estonian Ambassador H.E.Mr.Riho Kruvv

6 April 2017 th

Roundtable on “Exploring Eﬀective CSR Initiatives in Water and Sanitation” with Samhita and Arghyam Partners: Samhita and Arghyam Speakers : Ms. Jayamala V. Subramaniam, Chief Executive Officer, Arghyam Mr. Anil Misquith, Executive Director, Strategic Initiatives Samhita

8th April 2017 MCCI CSR Certiﬁcate Course Valedictory session Chief Guest: Mr. Ashoke Joshi, Chairman, SS Trust, Chennai.

11th April 2017 Liaison Committee Meeting with Mr. Atulya Misra, Principal Secretary, Industries Department .

17th April 2017 Steering Committee Meeting of the Chennai Urban Observatory Members: Prof. Jagan Shah, Director, National Institute of Urban Affairs joined the meeting through skype. Mr. T. Shivaraman, MD, Shriram EPC Ltd., Mr. Rajivan Krishnasamy, IAS Retd. Mr. Shivashanmugam, CMDA and Prof. Ravindra Gettu, Associate Dean IC & SR

18th April 2017 Conference on GST –The Historic Tax Reform Chief Guest : Mr.J M Kennedy IRS, Commissioner for Customs & Central Excise, Chennai Resource Persons: Mr. K.Vaitheeswaran, Advocate & Tax Consultant, Mr. B. Sriram, Partner Ernst & Young LLP

20th April 2017 Session on “Reliable Remote Data Connectivity Services through VSATs “ with NELCO

29th April 2018 5th Trade Meet with KPL Chief Guest : Mr.P K Das IRS, Chief Commissioner of Customs, Chennai Speakers: Mr.M.A.Bhaskarachar, Chairman & M a n a g i n g D i re c to r, K a m a ra j a r Po r t L td . , Mr.V.Krishnasamy, General Manager – Operations, Kamarajar Port Ltd., Mr. V. Chandramoleeswaran, Director, Chettinad International Coal Terminal Pvt. Ltd., Mr. N.Suresh, Sr.V.P, Chettinad International Bulk Terminal Pvt Ltd., Capt. T. Jeyaraj, Head, Adani Kattupalli Port Pvt Ltd., Mr. Pankaj Gadhia, CEO, Lee & Muirhead Pvt. Ltd.

17th April 2017 Launching of MCCI-PARFI Skill Development & Training Mr. Ram Venkataramani and Mr Kalyan Chakravarthy, Founding Sevak & Executive Director, PanIIT Alumni Reach for India Foundation and representatives from MCCI and PARFI

13th May 2017 Discussion on Banking Regulation Ordinance Resource Persons : Mr. V. Sriram, Chairman of the Banking Committee, Mr. M R Venkatesh, Partner, GSV Associates and Mr.G.Ravindra Kumar from Lakshmi Vilas Bank

26th May 2017 Hindu-Business Line & MCCI- GST –SME Conclave Mr. K.Vaitheeswaran, Advocate & GC Member, Mr. G. Ravindranath, Commissioner, Service Tax, Chennai Zone, Mr. M. Palaniappan, Advisor, Lakshmi Vilas Bank and R. Raghavan Srinivasan, Editor, Business Line

30th May 2017 Mediation Awareness program

27th April 2017

Mr.R.Vijayakrishnan, Ms.Chitra Narayan and Mr. A J Jawad, representing Foundation for Comprehensive Dispute Resolution (FCDR) and Ms. K. Saraswathi, Secretary General, MCCI

Awareness Session on Energy Eﬃcient Buildings and Sustainable BMS for Building Owners and Managers

31st May – 2nd June 2017

Trainers – Mr. J. Nageshkumar, Consultant in Energy Management, Mr. Johan Cheng, Building Automation

Faculty from Great Lakes Institute of Management

Resource Person : Mr. Kaushik Mandal, VP & Head – Sales & Marketing, NELCO

and Control Expert and Mr. K.Palanisamy, Automation Professional

ANNUAL REPORT 2017-18

She leads Leadership program

1st June 2017

28th June 2017

New Initiatives by EPFO(Employees’ Provident Fund Organisation)–Interactive Meeting with PF Commissioner, Chennai

Session on GST

Speakers : Mr.Salil Sankar, Regional PF Commissioner and Mr. A. Sankar, Accounts Officer

15th June 2017 Green Freight Project Stake Holders Meet by MCCI & IIT M S p e a k e r s : M r. J. K r i s h n a n , G C M e m b e r, Mr. Ravi Gadepalli from Shakthi Sustainable Energy Foundation, Dr. Gitakrishnan Ramadurai, Assistant Professor, Department of Civil Engineering, Indian Institute of Technology Madras

17th June 2017 Discussion & Interaction on “Into GST and Whatzzz Up in Store”–Mr.N.Venkataraman, Senior Advocate Speakers: Mr. K.K.Sekar, Vice Chairman, Indirect Taxes, MCCI, Mr. B.C. Datta, VP- Corporate Affairs & GC Member

23 June 2017 rd

MCCI–Indo-French Manufacturing Conclave Special Invitees : Mr. S. Sarathi, Sr. Vice President, Anand Automotive Ltd. & Chairman, MCCI Manufacturing Committee; Ms. Payal Koul, Vice President, Invest India and Mr. Philippe JanvierKamiyama, Consul General of France to Pondicherry.

Resource person: Mr. Gokul Dixit from R Subramanian & Co., Chartered Accountants

30th June 2017 Workshop on ‘Tally for GST’ Resource persons: Mr.Mohan, Chartered Accountant & Tax Practitioner, Mr.L.Venkat Raghavan & Mr.L.Gunasekaran representing from I Matrix Technologies Ltd.

8th July 2017 Visit to Mando Automotive Ltd., Sriperumbudur

18th July 2017 Meeting with Mr. Seewraj Nundlall, Head of the Board of Investment of Mauritius, Investment and trade Counselor of Mauritius High Commission, New Delhi

22nd July 2017 Interactive Workshop on “Customs Documentation under GST” Chief Guest : Mr. P.K. Behera, IRS, Commissioner of Customs Resource Person : Mr.S.Murugappan IRS (Retd) Advocate & Consultant

13th July 2017

24th June 2017

181st AGM

Program on Reforms, Changes and Judicial Trends in Labour Laws

Chief Guest : Mr. Deepak Bagla, MD & CEO Invest India

Speakers : Mr. Anand Gopalan, Advocate & Chairman, MCCI HR & IR Committee, Mr.K.S.Venkiteswaran, Advisor, The Sanmar Group-Corporate Division, Mr.Srinageshwar, Vice President (Group Industrial Relations), Simpson & Group Companies, Simpson & Co.Ltd., Mr.R.Venkat Narayanan, President-HR, Rane Group and Ms. Madhri Guruswamy, Advocate,

24th June 2017 Interactive meeting with Hon’ble Union Railways Minister, Mr. Suresh Prabhu Mr. R am Venkataramani, President, MCCI, Mr. Udayabhaskar Reddy, Chairman, Logistics Committee, Ms. K.Saraswathi, Secretary General, MCCI along with a few GC Members and Members of the Logistics Committee

Special Invitees: Mr.T.T.Srinivasaraghavan, Managing Director, Sundaram Finance Ltd., & Ms. Shilpa Prabhakar Satish, IAS, Executive Vice Chairperson, Tamil Nadu Guidance Bureau, Government of Tamil Nadu

8th August 2017 Post GST Workshop – MCCI & NACIN Chief Guest : Mr.Vasa Seshagiri Rao IRS, Principal Additional Director General, National Academy of Customs, Indirect Taxes & Narcotics (NACIN), Chennai Resource Persons : Mr.K.Vaitheeswaran, Advocate & Tax Consultant and Chairman, MCCI GST Committee, Mr.K P Balaji, Superintendent, Office of the Principal ANNUAL REPORT 2017-18

Chief Commissioner, Chennai, Mr.R.Govindan, Superintendent, GST & CE, Audit –I, Mr.R.Srivatsan, Faculty, NACIN, Chennai and Mr.K.Srinivasan IRS, Asst. Commissioner, GST & CE, Chennai North.

19 August 2017 th

Talk on Down Memory Lane – Madras and Madras Chamber Resource Person: Mr. V.Sriram, Historian and Author of the Championing Enterprise.

8th September 2017 Visit to Mahindra World City & NCR Corporation

9th September 2017 MCCI Certiﬁcate course on “Industrial Relations for Industrial Harmony” Resource persons: Mr.Sridhar Rajagopalan, Country Head –HR & Head-India Labour Relations, Caterpillar India Ltd.; Mr.S.R.Krishnan, Human Resource, Manager, Caterpillar India P.Ltd.; Mr.P.Ganapathy, Vice President –Personal & HR, Brakes India; Mr.K.Kumar, Sr.GM – HR, Dalmia Cements; Mr.Anto Vincent, HR Consultant; Mr.Akbar Khan, HR Consultant & GM-HR, Ashok Leyland Ltd. (Retd); Mr.C.Sreetharan, Vice President–HR, The Hindu (Retd.); Mr.K.S.Pasupathi, General Manager – HR, Wheels India (Retd.); Mr.Anand Gopalan, Partner, TS Gopalan & Co. & Chairman, MCCI Expert Committee on HR & IR.

21st September 2017 Workshop on Customs Documentation under GST at Hosur Resource Person: Mr. S. Murugappan IRS (Retd) Advocate and Consultant

21 September 2017 st

MCCI Interaction with IIFT Students Resource Person: Mr. J Krishnan, GC Member and Partner, S.Natesa Iyer & Co.

26th September 2017 Chamber Day Chief Guest : Mr. Srivats Ram, Managing Director, Wheels India Ltd

ANNUAL REPORT 2017-18

Guest of Honor : Dr. V. Anantha Nageswaran, Senior Adjunct Fellow (Geo Economic Studies), Gateway House, Indian Council on Global Relations, Mumbai.

6th October 2017 5th Power Conference on “TN Moving towards 24/7 Sustainable Power Supply” Speakers in the Inaugural Session: Mr. T.Shivaraman Past President, MCCI and Managing Director, Shriram EPC Ltd., Mr. Anil Razdan, IAS Retd. President, India Energy Forum and Former Secretary Power, and Special Secretary and Additional Secretary Power and Natural Gas, Govt of India, Mr. V.Sriram, CEO, IMAcS Chennai, Knowledge Partner, Mr.T. Madhava Das, Executive Vice President (T & D) L & T Construction, Mr. Bhambhani, Convenor, Indian Energy Forum and Mr. S.Venkatachalam, Managing Director, Orient Green Power and Chairman, MCCI Energy Committee Technical Session I – Speakers: Chaired by Mr.H L Bajaj, Former Chairman, CEA & Member, India Energy Forum. Mr. D. Venkatasubbiah, CGM – Thermal, Neyveli Lignite Corporation, M r. R . S at hya n a raya n a , S t at i o n D i re c to r, MAPS Kalpakkam, Mr. K.V. Sajay, EVP – Solar Business, Siemens Gamesa Renewable Energy and Mr. S. Venkatachalam, Managing Director, Orient Green Power. Technical Session II – Speakers : Chaired by Mr. B. Bhambani, Convenor, India Energy Forum. Mr. Rajagunanidhu of State Load Despatch Centre of Tamil Nadu Electricity Board, Mr. S.K. Kar, Additional General Manager (Commercial) NTPC, Mr Shaji John, Head – Solar Business Unit, L & T Construction. Mr. Sen Dy. General Manager, Power Grid and Mr. Jagan Sales and Marketing of Thermax. Technical Session III – Speakers: Chaired by Mr. Anil Razdan. Mr. Girish Kumar Kadam Vice President, Corporate Sector Ratings at ICRA, Mr. Shankar Rajaram, VP, Business Development, Grundfos Pumps Pvt Ltd., Dr. Prabhjot Kaur, Principal Scientist, IIT Madras and Dr. J. Nagesh Kumar, Director, Centre for Energy, Environment and Productivity

11th October 2017 One day Training Program on Communication Skills Resource Person : Ms. Vasanthi Ranganathan, Trainer and Consultant

25th October 2017 Interaction Meeting with the Commissioner of Customs IV–Implementing Electronic Sealing for Containers by Exporters under Self-Sealing Procedures. Chief Guest: Mr. Prakash K Behera, IRS, Chief Commissioner of Customs IV, Resource person: Mr.M. Ramesh, IRS, Deputy Commissioner – Docks Customs, Commissionerate, Chennai.

2nd November 2017 Interactive meeting with Mr.Salil Sankar, Regional PF Commissioner, Chennai

9th and 10th November 2017

Urban Labs : Swami Satyajnanananda, Ramakrishna Mission, Chennai; Dr Saleem Khan, Senior Scientist, M.S.Swaminathan Research Foundation, Chennai & Mr.Kamlesh Yagnik, Chief Resilience Officer, 100RCSurat. Session II : Enhancing Urban Connectivity Mr. T.K.Ramachandran, IAS, Principal Secretary, Information Technology Department, Govt. of Tamil Nadu; Dr.Gitakrishnan Ramadurai, Associate Professor, Transport Engineering Division, IITMadras; Mr.A. Shankar, National Director-Strategic Consulting, JLL; Dr. K. Palanivelu, Director Anna University-Centre for Climate Change and Adaptation Research, Chennai & Mr Prem Anand Sinha, IPS, Joint Commissioner of Police, Traffic-South, Chennai

UTC Conference on Chennai as a Global City on the 6th Anniversary of Sustainable Chennai Forum

Technical Sessions : Theme II: Inclusion, City’s Expansion and Social Infrastructure

Day I – 9th November 2017

Session I: Planning City’s Growth and Natural Resources

Chief Guest for Inaugural–Mr. S. Krishnan, IAS Principal Secretary to Government, Housing and Urban Development Department, Government of Tamil Nadu Prof. Jagan Shah, Director, National Institute of Urban Affairs, New Delhi Prof. Ravindra Gettu, Building Technology & Construction, Division, IIT Madras, Chennai

Technical Sessions : Theme I: Resilience & Smart Cities Session I: Building a Resilient and Smart City Mr. Raghutamma Rao, CEO, Gopalakrishnan Deshpande Center for Innovation and Entrepreneurship (GDC)-IITM, Dr B. Chandramohan IAS, Secretary to Government- Revenue & Disaster Management, Govt. of Tamil Nadu, Ms. Priyanka Kochar, Regional Manager, Market Development, GBCI India-New Delhi, Dr. Ashwin Mahalingam, Associate ProfessorBuilding Technology and Construction Management Division, Department of Civil Engineering IITMadras and Co-Founder and Board MemberOkapi Research and Advisory, Mr. L. Nandakumar, Superintendent Engineer, Smart Cities, Storm Water Drains & Road Projects, Greater Chennai Corporation, Ms. Sheila Sriprakash, Architect & Designer, Holistic Sustainability and Reciprocity

Dr.G.Sundaram, IAS (Retd.); Mr.P.Selvadurai, Chief Planner, CMDA, Chennai; Mr.Prakash Challa, Chairman and Managing Director, SSPDL, Chennai; Mr Satish Chander Narayanan, Associate Director at Cushman & Wakefield, Chennai; Mr.G.Sudhakara Gupta, Director and CEO, XS Real Group, Chennai; Mr.Joss Brooks, Chief Architect, Pitchandikulam Forest Consultants, Auroville & Mr.Shilesh Hariharan, Architect. Urban Labs : Ms.Lucille Andrade, Associate Vice President, Environmental Management Centre LLP, Mumbai & Mr.Arun Krishnamurthy, Founder, Environmentalist Foundation of India, Chennai. Session II: Empowerment in Urban Inclusions Prof Jagan Shah, Director National Institute of Urban Affairs, New Delhi; Dr.Kala Seetharam Sridhar, Professor, Institute for Social and Economic Change, Bengaluru; Mr.S.D.Nandakumar, Vice President, Lakshmi Vilas Bank, Chennai; Dr.M.Vijayabaskar, Associate Professor, Madras Institute of Development Studies, Chennai & Ms.S.Sangeetha, District Social Welfare Officer, Directorate of Social Welfare, Kancheepuram District. Urban Labs : Dr.HitaUnnikrishnan, Assistant Professor(Conservation Science), School of Liberal Arts and Sciences Transdisciplinary University, Bengaluru & Ms. Vanessa Peters, Policy Researchers-

ANNUAL REPORT 2017-18

Information and Resource Centre for the Deprived Urban Communities, Chennai

Technical Sessions : Theme III: Global Investment Destination & Governance Session I: Ease of Doing Business Mr.R.Karthik Appadurai, Senior Manager, Deloitte; Mr.S.Sarathi, President, Internal Audit, Anand Automotive (P) Ltd., Mr.T.Shivaraman, CEO and Managing Director, Shriram EPC Ltd., Mr.V.Sriram, Chief Operating Officer, ICRA Management Consulting Services Ltd., Chennai & Ms.Ranjini Manian, Founder, Global Adjustments, Chennai Session II : Governance & Partnerships Dr.Sunder Ramaswamy, Vice Chancellor, IFMR; Mr.Isaac Hewlings, British Deputy Head of Mission and Head of Trade, Chennai; Mr.Anand Madhavan, Director Infrastructure & Public Finance, CRISIL, Mumbai; Mr.Vittal Raj, Founding Partner, Kumar & Raj; Mr.Sushovan Saha, e-Governance Specialist Consultant for Smart Cities / E Governance foundation, New Delhi & Mr.Rajiv Lochan, Managing Director & CEO, Kasturi & Sons Ltd. Urban Labs : Mr. Loveleen Garg, AVP & Head -Environment & Sustainability, GIFT City

DAY II – 10th November 2017 Technical Sessions : Theme I: Resilience & Smart Cities Session I: Improving Sustainable Urban Infrastructure Mr.S.G.Prabhakharan, Chairman, XS-Real Group; Mr.A.Abdul Rasheed, Chief Engineer (Project)-II, CMWSSB; Mr.D.Pushpanathan, Technical Director, M/s Zonta Infratech Pvt.Ltd., Bangalore; Mr. Pawan Kumar Sachdeva, Head- Solar R&D Group, Siemens Gamesa, Chennai & Dr.S.Janakarajan, Professor, Madras Institute of Development Studies. Urban Labs : Mr.Ravindra Sannareddy, Founder & Managing Director, Sri City

Theme II: Inclusion, City’s Expansion and Social Infrastrucutre Session III : Urban Well Being and Social Infrastructure Dr.G.Sundaram, IA S (Retd.); Mr.R amkumar Ramamoorthy, Executive Director, Cognizant; Dr.Natarajan Rathianm, International Athlete

10 |

ANNUAL REPORT 2017-18

Director, ISPA, Chennai; Dr.Daniel Shah, Director, Research Councils UK (RCUK) India, New Delhi; Mr.V.Sriram, Historian & Author, Madras Musings & Mr.V.Ravichandar, CMD, Feedback Business Consulting Services Pvt.Ltd., Bengaluru Urban Labs : Ms Priyanka Vasudevan, Senior Project Associate, Urban Transport, EMBARQ, Mumbai

Theme III: Global Investment Destination & Governance Session III : Sustaining as a Global City – Monitoring & Evaluation Mr.T.Shivaraman, CEO and Managing Director, Shriram EPC Ltd.,; Mr.Anand Iyer, Chief Project Manager, NIUA; Mr.V.Surya Prakash, Senior Associate, Sustainable Cities, WRI, Hyderabad; Mr.R.Sarto, Adviser, Vice Presidents, ILFS Environmental Infrastructure Ltd., Chennai, Mr.James Caton, Chief Business Officer, Smart Cities IoT, L&T., Chennai & Mr.P.H.Rao, Chief Executive Officer, Stem Group, Bengaluru. Urban Labs : Mr.Damain Wagner, Sr.Project Manager – Smart Cities and Co-ordinator – Traingulum, Fraunhofer IAO, Stuttgart & Ms. Sylvia Veeraraghavan, Jaanagraha, Bengaluru.

Valedictory Session Mr.S.G.Prabhakharan, Past President, MCCI; Mr.Anand Iyer, Chief Project Manager, NIUA & Mr.Raj Cherubal, CEO, Chennai Smart City Ltd. Chief Guest : Mr.O.Panneerselvam, Hon’ble Deputy Chief Minister, Govt. of Tamil Nadu

16th November 2017 MCCI and ISACA – Seminar on Protecting your Digital Transactions Chief Guest Mr. T.K. Ramachandran, IAS, Principal Secretary to Government, Information Technology Department, Chennai. Speakers : Mr. Ramkumar Ramamoorthy, Executive Director- India, Cognizant and GC Member, Dr. V. Kamakoti, Professor, Department of Computer Science & Engineering IITM, Dr. K.Ramachandran, Director and CEO, Valiant Technologies, Mr. Ramesh VijayaKumar, LVB, Mr. R. Vittal Raj, Partner, Kumar & Raj, addressed on the topic “Hygiene tips for SMEs in Digital Transactions”, Mr. S. Balu, Additional SP (Retd) Tamil Nadu Police Service.

Panel Discussion : Moderator Mr. J. Raghunathan, Chairman, IT/ITes Committee of the Chamber and Founder, KCIG. Other Speakers. Ms Jamuna Swamy, Mr B Manikandan, Mr R Nandakumar, Mr P Bhaskar and Mr N K Mehta

Community Health (REACH), Dr. R.Swaminathan, Cancer Institute WIA

18th November 2017

8th December 2017

Valedictory Function–Chief Guest : Mr. John Alex, Group Head – Social Initiatives, Equitas Group.

Faculty Development Program on GST for MOP Vaishnav College for Women

IR Conference–Nurturing and Developing: Industrial Relations

Chief Guest : Mr. J.M. Kennedy, IRS, Commissioner of Customs & Central Excise, Chennai

Speakers : Mr.Vivekanand Vanmeeganathan, Managing Director, Caterpillar India Pvt.Ltd., Mr.P.Kaniappan, Managing Director, Wabco India Ltd., Dr.N.Ravichandran, Director, India Japan Lighting Company Ltd. & Chief Mentor, Ucal Fuel Systems Pvt. Ltd., Mr.R.Venkatanarayanan, PresidentCorporate Services, RANE Group, Mr.Ram Kishore, Head – HR, L & T (Water & Effluent Treatment), Mr.Sridhar Rajagopalan, Country Head–HR & HeadIndia, Labour Relations, Caterpillar India Pvt. Ltd.

Speakers : Mr.K.Vaitheeswaran, Chairman, GST Committee and Advocate and Tax Consultant, Mr. B.Sriram, Partner, Indirect Taxes, E& Y LLP, Mr.K K Sekar Co-Chairman, MCCI GST Committee & Head –Indirect Taxes, Ashok Leyland Ltd., Mr.G.Balakrishnan, Partner, BSD Associates & Member, MCCI GST Committee

22nd November 2017 One day Training Program on Team Building Resource Person: Ms. Vasanthi Ranganathan, Trainer and Consultant

30th November /1st December 2017 MCCI Certiﬁcate course on Corporate Social Responsibility (CSR)- November/December 2017 Certiﬁcate Course on Corporate Social Responsibility (CSR) Resource Persons: Dr. Vidya Durai, Director, Inautix Technologies India Ltd. Prof. Sridhar Narayanan, Adjunct Professor – Finance, Great Lakes Institute of Management, Ms. Rajashree Natarajan, CEO, Cognizant Foundation, Mr.B.Shanmugasundaram, AGM – Secretarial Sundaram Fasteners Ltd and Mr.M.Kandasami, Kandasami & Associates, Chartered Accountants Experts : Ms. Damayanthi Bowmik, SNS Foundation, Ms. N. Shanthi, Managing Trustee, Rajalakshmi Srinivasan Memorial Foundation, Ms. B. Mangalam, M a n a g i n g Tr u s te e , E x n o ra I n te r n at i o n a l , Dr.S.V. Murugan, Director National Agro Foundation Mr. Prithvi R aj, Specialist TN & AP – CSR , Apollo Tyres, Mr.Santhanam, Dhan Foundation, Ms Vinodhini Sudhindran, President, Association for Non Traditional Employment for Women (ANEW), Dr Ramya Ananthakrishnan, Executive Director, Resource Group for Education and Advocacy for

Panel Discussion: Moderator–Mr.Anto Vincent, Former Vice President–HR, Ford India Speakers : Mr.Srinageshwar, Group Vice President –Industrial Relations Simpson Group of Companies, Mr.K.S.Venkiteswaran, Advisor, Sanmar Group, Mr.J.X.Dominic Saavio, GM HR, Ford India and Mr.Ramesh Sampath, Country HR Director –India & South East Asia, Valeo India Pvt.Ltd.

16th December 2017 MCCI CSR Certiﬁcate Course Valedictory Session

19th December 2017 Interaction meeting with Zonal Additional DGFT Guest : Mr.D.K.Sekar, IA&AS, Zonal Additional Director General of Foreign Trade, Chennai

20th December 2017 One day Training Program on Guts Leadership Ms. Vasanthi Ranganathan, Trainer and Consultant

21st December 2018 Discussion on State of Indian Economy Speakers : Mr.Raghuttama Rao, GC Member and CEO, Gopalakrishnan Deshpande Centre for Innovation & Entrepreneurship, Dr. S.Narayan IAS Retd. Former Economic Advisor to the then Prime Minister, Mr. Anjan Deb Ghosh, Executive Vice President and Chief R ating Officer, ICR A Group and Mr. K. Muthukumar, Deputy Editor, Research Bureau, Business Line. ANNUAL REPORT 2017-18

5th and 6th January 2018

3rd February 2018

All India Workshop on GST

Post Union Budget Workshop and Presentation on e-way Bill

Chief Guest: Hon’ble Justice Dr.Anita Sumanth, Madras High Court Speakers : Mr. T.T.Srinivasaraghavan, Past President, MCCI & MD, Sundaram Finance Ltd., Mr. K.Vaitheeswaran, Chairman, GST Committee, Mr. K.K.Sekar, Co Chairman, GST Committee, M r. V. R a g h u ra m a n , A d vo c ate , B e n g a l u r u , Mr. B.Sriram, Partner, Ernst & Young LLP Chennai. Mr. N. Venkataraman, Senior Advocate, Supreme Court of India, Mr. P.R. Subramanian, Head-Indirect Taxes, L&T Construction. Ms. Aparna Nandakumar, Advocate, Mr. P.V. Srinivasan, Corporate Advisor, Bengaluru. Mr. R.Gopakumar, Associate Director, Cognizant Technologies Ltd., Ms. Jayashree Parthasarthy, Partner, Ernst & Young LLP Bengaluru.

8th January 2018 Discussion meeting with PF Commissioner, Chennai – Impact of Supreme Court Judgment on EPS Scheme Speaker : Mr. Salil Shankar, PF Commissioner, Chennai

19th January 2018 Visit to Sri City

26th January 2018

Special Guest : Dr. C. Rangarajan, Former Governor, RBI and Former Chairman, Economic Advisor to then Prime Minister and Chairman, Madras School of Economics. Speakers : Mr. Sriram Seshadri, Chairman, MCCI Expert Committee on Direct Taxes & Partner, Price Waterhouse & Co.LLP, Mr. K. Vaitheeswaran, Chairman, MCCI Expert Committee on GST & Advocate and Tax Consultant, Mr.Venugopalan Nair IRS, Asst. Director, National Academy of Indirect Taxes & Narcotics (NACIN) and Mr.R.Srivatsan, Superintendent, NACIN.

6th February 2018 Presentation on E-way Bill at Hosur Resource Persons: Mr.Venugopalan Nair IRS, Asst. Director, National Academy of Indirect Taxes & Narcotics (NACIN) and Mr.R.Srivatsan, Superintendent, NACIN.

8th -10th February 2018 Water Today’s Water Expo – 12th Edition

8th February 2018

Conference on Towards Self-Suﬃciency of Water in Tamil Nadu–Reviving and Rejuvenating Water Bodies

Visit to Madras Atomic Power Station (MAPS) Nuclear Power Plant, Kalpakkam and Visit to Nemelli Desalination Plant.

Speakers : Mr S.A. Raman, Collector of Vellore; Dr Satyagopal, Principal Secretary; Dr Lingaraju Yale, National Director, River Rejuvenation Projects.

12th February 2018

Panel Discussion: Moderator–Mr. N.K. Ranganath, Managing Director, Grundfos Pumps India Ltd., Speakers: Mr S. Varadarajan, CFO & Executive Director, Va Tech Wabag; Ms. Sheela Sri Prakash, Architect; and Mr. Ravindra Sana Reddy, MD, Sri City.

January 30th, 2018 Interaction meeting with Visiting Delegation from Armagh City, Banbridge and Craigavon Borough Council (ABC) Guest : Dy. Lord Mayor Councilor Mr. Sam Nicholson from Northern Ireland and his team.

1st February 2018 Budget Telecast

12 |

ANNUAL REPORT 2017-18

I nte ra c t i ve m e et i n g w i t h H . E . M r. Pa n o s Kalogeropoulos, Ambassador, Embassy of Greece, New Delhi Guests : H.E. Mr. Panos Kalogeropoulos, Ambassador, Embassy of Greece, New Delhi and Mr.Vassilios Skronias, Minister Plenipotentiary for Economic and Commercial Affairs, Embassy of Greece, New Delhi.

15th February 2018 Discussion on Circular Economy Speakers : Dr. Prasad Modak, Director, Ekonnect Knowledge Foundation, Mr. Ashok Natrajan CEO, Tamil Nadu Water Investment Company Ltd, Mr .Prajeeth Sitherasenan Growth Manager (Waste Management) Kabadiwalla Connect and Mr. N Ramamoorthy, Chief Engineer, ITC Grand

Chola.

24th February 2018 Presentation on e-way bill at Chennai Resource persons: Mr.Venugopalan Nair IRS, Asst. Director, National Academy of Indirect Taxes & Narcotics (NACIN) and Mr.R.Srivatsan, Superintendent, NACIN

2nd March 2018 Conference on CSR – “Synergy for Maximizing Social Impact” Guest of Honor : Mr. S.Sivakumar Group Head – Agri & IT Businesses ITC Ltd., Secunderabad. Chief Guest : Dr. Mukund Rajan, Chief Ethics Officer & Chairman, Tata Global Sustainability Council, Tata Sons Ltd., Mumbai Speakers : Ms. Rajashree Natarajan, Co- Chairperson, MCCI CSR Committee & COO, Cognizant Foundation, Mr. Tushar Kalia, Senior Director, Goodera, Bengaluru, Mr.V.M.Rajasekaran, Chairman, MCCI Expert Committee on CSR & CEO–Matches & Agarbatti Business, ITC Ltd., Dr. Vidya Durai, Member of the CSR Committee & Director, BNY Mellon Technology Pvt Ltd.

3rd March 2018 Exclusive Q and A Session on Companies Act 2013 R e s o u rc e p e r s o n s : D r. B. R av i , P ra c t i c i n g Company Secretary & MD, B Ravi & Associates, Ms. B. Chandra, practicing Company Secretary and Mr. V. Swaminathan, Company Secretary and Head, HR, Sundaram BNP Paribas Home Finance Ltd.

24th March 2018 Women’s Day Program C hief Guest : Hon’ble Justice Ms. Pushpa Satyanarayana, Judge, Madras High Court Speakers : Ms. Gayathri Sriram, MD, Ucal Auto Pvt. Ltd & Vice President, MCCI,

Panel Discussion–1 : Moderator–Ms. Madhri Gurusamy, Advocate. Speakers : Ms. Saras Bhaskar, Counselling Psychologist & Coach, Bloom Health Care, Ms. Narmada Sampath, Additional Advocate General, Madras High Court and Dr. Priya Kannan, Director & Embryologist, GFC Fertility, Chennai.

Session Panel Discussion–2 : Moderator–Ms Bhavani Balasubramanian, Partner, Deloitte Haskins & Sells. Speakers : Ms. Shobana Ravi, Chief -IT, Innovation & Learning Officer, TAFE, Dr. Saundarya Rajesh, MD, Avtar Group and Dr Thangam Meghanathan, Director, Rajalakshmi College of Engineering.

22nd March 2018 Water Conclave Chief Guest–Prince of Arcot, Nawab, Mohammed Abdul Ali Session 1–Moderator : Ms. K.Saraswathi, Secretary General, MCCI, Speakers : Mr M Shanmugam IAS, Special Secretary – Industries, Dr. Jaishankar Pandey Sr. Scientist, CSIR-National Environmental Engineering Research Institute (NEERI), Mr R Azhagesan Director, Central Water Commission, Coimbatore, Dr Indumathi M Nambi, Associate Professor, Environmental and Water Resources Engineering Division, IIT Madras Session 2 : Mr. Raj Cherubal, CEO Chennai Smart City Ltd., Mr. Chitty Babu, Chairman & CEO Akshaya Homes, Mr. Sanjeev Sharma, Head Mktg. IDE Technologies, Mr. Sekar Sadagopan, Head IT Golden Ray Analytics (spearheads Namma Ooru Namma Kulam) Session 3 : Mr. K. Phanindra Reddy IAS., Secretary Handicraft and Textile, Dr. P.K.Thampi–water conservation expert, Mr. AV Nathan, Krishna Water Board, Chairman (Ex) & Mr. Murug Subramanian, PWD Chief Engineer (Chennai Region), Water Resources Department.

ANNUAL REPORT 2017-18

INDIAN ECONOMY

ndia, which is considered as one of the fastest growing economies in the world, saw its growth rate showing a slowdown in 2017-18. The deceleration was partly due to uncertainties related to GST. However, growth has been improving in recent months due to pick up in manufacturing and services with GDP growth improving from 5.7% in Q1FY2018 to 7.2% in Q3FY2018. On the expenditure side, investment growth recovered from 1.6% in Q1FY2018 to 12% in FY2018. While private consumption growth has been steady, public expenditure has grown at a higher rate in Q3FY2018. India is now the sixth largest economy in the world with GDP of US$ 2.61 trillion in 2017. In purchasing power parity (PPP) terms, India is already the third largest economy with GDP of US$ 9.45 trillion in 2017, accounting for 7.4% of world total.

GDP Growth As per advance estimates released in February 2018, India’s economic growth as measured by gross value added (GVA) has decelerated from 7.1 percent in 2016-17 to 6.4 percent in 2017-18. Growth has been affected by lower growth for all major sectors. However, growth in services has accelerated in 201718. Actual growth in 2017-18 may turn out higher due to recent pick-up in activity. The Index of Industrial Production (IIP) growth has accelerated from late2017 and averaged 5.8 percent in Q3FY2018.

ANNUAL GDP AND GROWTH IN CONSTANT (2011-12) PRICES India’s third quarter GDP growth stood at 7.2 percent. Compared with the previous quarter, higher growth was recorded in agriculture and services, more than offset by marginally lower growth in industry. Encouragingly, manufacturing growth improved from 6.9 percent in Q2FY2018 to 8.1 percent in Q3FY2018, strongly reversing the 1.8 percent decline in Q1FY2018. Construction sector growth increased from 2.8 percent to 6.8 percent. However, mining sector recorded a decline. Average growth in the emerging markets and developing economies including China increased from 4.4 per cent in 2016 to 4.8 per cent in 2017 (calendar-year basis). Growth in advanced economies also increased from 1.7 percent in 2016 to 2.3 percent in 2017. Global growth has been broad-based due to sharp rebound in trade, pickup in investment, improved consumer confidence,

14 |

ANNUAL REPORT 2017-18

higher commodity prices, and favourable financing conditions.

Q�� G�� R�� G�� V�� A�� Encouragingly, industrial production growth has revived and becoming gradually broad-based, thereby reversing the slowdown that commenced from the second quarter of 2011-12. The Index of Industrial production growth declined from 4.6 percent in 201617 to 4.3 percent in 2017-18. Manufacturing started to recover and capital goods production increased 4.4 percent in 2017-18. The Reserve Bank of India’s Industrial Outlook Survey indicates an improvement in overall business sentiment for manufacturing in Q4, with increased output and new orders. Financial situation is also assessed to have improved and positive sentiments were noted on availability of finance, especially from internal accruals, outweighing higher cost.

A�� G�� R�� I�� I�� P�� Industrial production growth recovered from GSTrelated issues of Q1FY2018 with growth improving to 3.3 percent in Q2FY2018, 5.9 percent in Q3FY2018 and 6.2 percent in Q4FY2018. Manufacturing sector growth improved from 2.5 percent in Q2 to 7.1 percent in Q4 with higher growth in basic metals, coke and refined petroleum products, motor vehicles. Manufacturing’s share of GDP has stagnated around the 15-18 percent mark for almost three decades now. The past six years have been particularly hard on manufacturing. However there is now greater focus on increasing the share of manufacturing in GDP.

Q�� G�� R�� I�� I�� P�� Performance of Core Industries The combined index of core industries stood at 138 in March 2018 indicating slow growth of 4.1 percent. On an annual basis, the growth in index declined from 4.8 percent in 2016-17 to 4.2 percent in 2017-18. Growth has been high for steel, cement and oil refining. However, the index declined for crude oil. Growth was also lower for coal, and electricity. Fourth quarter growth remained unchanged at 5.2 percent vis-à-vis third quarter growth reflecting sharp improvement for coal, cement, and fertilisers, and electricity.

GROWTH IN EIGHT CORE INFRASTRUCTURE INDUSTRIES Overall Coal Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18

1.1% 3.2% 1.1% 6.5% 6.9% 3.8% 5.3% 3.1% 2.5% 4.0% 5.2% 5.2%

6.1% 1.3% 6.9% 4.6% 5.3% -4.2% 2.8% 7.0% -4.4% 8.5% 1.5% 4.8%

2016 2017 2018

3.0% 4.8% 4.2%

4.8% 3.2% 2.5%

Crude Natural Refinery Fertilizers Steel Oil Gas Prod. Quarterly -0.8% -5.1% 2.3% 4.6% -2.4% 1.7% -0.8% 5.1% 12.5% -2.1% -3.2% -4.1% 1.7% 2.9% -5.1% -3.2% -8.9% 10.5% 8.2% 4.5% -3.3% -5.8% 8.9% 3.3% 9.0% -3.3% -2.7% 5.7% -0.1% 10.8% -3.1% -1.3% 5.6% 0.6% 12.9% -0.3% 6.3% -0.1% -2.7% 10.3% 0.2% 4.4% 1.8% -1.3% 6.2% -0.7% 5.7% 2.5% -2.7% 4.9% -0.8% 2.1% 7.4% 2.1% 7.5% -2.4% -0.4% 6.5% 2.2% 3.8% Annual (FY) -1.4% -4.7% 4.9% 7.0% -1.3% -2.5% -1.0% 4.9% 0.2% 10.7% -0.9% 2.9% 4.6% 0.0% 5.6%

Inﬂation Inflation pressures have been increasing during 201618 because of sharp increase in fuel and energy prices. With expected record foodgrain production of 277 million tonnes in 2017-18, food inflation has been lower. The wholesale price index (WPI) increased 2.9 percent in 2017-18 compared with an increase of 1.7 percent in 2016-17. The increase was because of 8.1 percent increase in prices of fuel and power, but lower 1.3 percent increase of prices of primary articles. Manufactured products prices increased 2.7 percent in 2017-18 (1.3 percent in 2016-17 and 3 percent in fourth quarter). Retail inflation, as measured by consumer price index (CPI) was higher than WPI at 3.6 percent in 2017-18 though CPI increase was higher at 4.6 percent in third and fourth quarter.

Q�� G�� R�� W�� P�� I�� Based on WPI, there has been higher inflation from January 2017 because of high increase in minerals, fuel and power prices. The price of India’s crude oil basket increased from US$ 44 per barrel in second quarter of 2016-17 to US$ 65 in the fourth quarter of 2017-18. Inflation rates have edged up in 2017-18 because of recent rebound in world metals and energy prices. Following declines in 2015 and 2016, world

Cement Electricity 0.1% 1.6% 4.8% 11.8% 5.8% 3.4% -0.8% -11.9% -3.3% 0.6% 10.6% 18.2%

2.7% 6.6% 4.3% 9.2% 10.0% 3.1% 6.1% 4.2% 5.3% 6.1% 3.8% 5.6%

4.6% -1.2% 6.3%

5.7% 5.8% 5.2%

energy prices increased 23.6 percent in 2017. Metals and minerals prices increased 24.2 percent in 2017, following a 5.9 percent decline in 2016. WPI increased 2.5 percent in March 2018 caused by high increase in minerals, fuel, and power. Retail inflation was 4.4 percent in March 2018 mainly due to high inflation rates for vegetables, clothing, fuel, and light. Prices of pulses have been declining from December 2016 caused by record outputs in 2016-17 and 2017-18.

M�� G�� R�� WPI AND CPI The External Sector The external sector witnessed stronger growth from late-2016 reflecting recovery in world trade and higher commodity prices. Following decline for eight quarters, world trade increased 2.1 percent in 4Q2016. Trade growth rebounded in 2017 to 12.8% in 4Q2017. World merchandise trade increased 10.6% in 2017 to $35.38 trillion. By comparison, world trade declined 2.9% in 2016 and 12.7% in 2015. Higher prices meant that merchandise trade growth was stronger in value terms than in volume terms for 2017. According to WTO, the ratio of trade growth to GDP growth fell from 2 in the 1990s to 1 in the five years following the financial crisis (2011-16).

ANNUAL REPORT 2017-18

This ratio has increased from 0.8 in 2016 to 1.8 in 2017. Stronger trade growth relative to GDP growth is expected to continue into 2018. With modest improvement in world economic growth from 3.8% in 2017 to 3.9% in 2018, the IMF expects growth in world trade volumes of goods and services to increase from 4.9% in 2017 to 5.1% in 2018. While India’s exports in value terms (Rs.) increased 5.7 percent in 2017-18 to Rs. 19,548 billion, imports also increased 16.2% to Rs. 29,955 billion. The increase in exports has been primarily because of 13.9% increase in POL exports to Rs. 2,409 billion caused by recent spurt in prices. Excluding oil, exports have increased 4.6%. Export growth (in Rs. terms) was high for agriculture and allied products (+8% to Rs. 1,778 billion), chemicals (10.1%, Rs. 2,420 billion), base metals (23.8%, Rs. 1,817 billion), and machinery (17.6%, Rs. 1,589 billion). Oil imports increased 20.1% in 2017-18 to Rs. 7,002 billion. However, non-oil imports have increased 16.6% to Rs. 22.952 billion. Import growth (in Rs. terms) was high for ores and minerals (+40.9% to Rs. 2,046 billion), gems and jewellery (33.6%, Rs. 4,811 billion), chemicals (15.3%, Rs. 2,604 billion), plastics (16.8%, Rs. 1,098 billion), base metals (22.3%, Rs. 1,768 billion), and machinery (14.8%, Rs. 2,523 billion). India’s export volumes of goods and services increased 7.2 percent in 2017 with growth forecast at 8.1 percent in 2018. Import volumes are also forecast to increase 8.1 percent in 2018 compared with growth of 10.6 percent in 2017.

INDIA—QUARTERLY TRADE GROWTH (Rs.) India’s merchandise exports reached US$ 303 billion (on customs basis) in 2017-18, registering an increase of 9.9 percent. However, exports are 4 percent lower than peak levels of 2013-14. Following three successive years of decline, imports also increased from 2016017, increasing 20.9 percent in 2017-18 to US$ 465 billion. The share of exports in GDP declined from 12.1 percent in 2016-17 to 11.7 percent in 2017-18, while the share of imports increased from 16.9 percent in 2016-17 to 17.9 percent in 2017-18. This resulted in an increase in trade deficit from 4.8 percent of GDP in 2016-17 to 6.2 percent in 2017-18. India’s trade deficit has declined from a peak of US$ 190 billion in 2012-13. Higher growth in imports visà-vis exports during 2017-18 resulted in an increase in India’s trade deficit from US$ 109 billion in 2016-17 to US$ 161 billion in 2017-18 contributing to a higher

16 |

ANNUAL REPORT 2017-18

current account deficit (CAD). India’s CAD narrowed widened to US$ 13.5 billion (2.0 per cent of GDP) in Q3 of 2017-18 higher than US$ 8 billion (1.4 per cent of GDP) in Q3 of 2016-17. On a cumulative basis, the CAD widened from 0.7 percent of GDP during April-December 2016 to 1.9 per cent of GDP in April-December 2017. This was because of burgeoning of the trade deficit.

BALANCE OF PAYMENT INDICATORS India’s foreign exchange reserves were at US$ 424.4 billion on March 30, 2018. The developments on external account have generated optimism that the Indian economy is now better prepared to capitalise on stronger global growth. Risks to growth in global trade and output include escalating trade tensions which may affect business confidence and investment decisions. Faster monetary tightening by central banks could also trigger fluctuations in exchange rates and capital flows. The highest ever CAD reported in 2013-14 had led to a slew of problems, including a heavy drop in the value of the rupee, which touched an all-time low of 68.85 against the US dollar in August 2013. The rupee remained in a narrow range of 64-65 through 2017-18 though there has been recent depreciation. From the early-1990s, India’s share in world exports increased from 0.41 percent in 1992-93 to 1.01 percent in 2006, and to 1.7 percent in 2017. India’s share of world imports has also increased from 0.6 percent in 1992-93 to 1.61 percent in 2007, and an estimated 2.5 percent in 2017.

INDIA’S SHARE OF WORLD MERCHANDISE TRADE According to the World Economic Forum (WEF), India was ranked 40th out of the 137 economies ranked in the Growth Competitiveness Index of the World Economic Forum’s Global Competitiveness Report, 2017-18. India’s ranking improved from 71st in 2014-15. With a global competitiveness index (GCI) score of 4.52, India has recently overtaken a number of countries. India’s ranking by Transparency International improved from 94 in 2013 to 81 in 2017. Fiscal Health The Union budget 2018-19 has budgeted for slippage in central government deficit indicators from the Medium Term Expenditure Framework (MTEF)/Fiscal

Responsibility and Budget Management (FRBM) review roadmap. Gross fiscal deficit as percent of GDP is expected to decline from 3.5 percent in 2017-18 (as per revised estimates) to 3.3 percent in 2018-19. The achievement of the target of 3 per cent of GDP has been deferred to 2020-21. Growth in tax revenues is budgeted to increase from 15.3 percent in 201718 (revised estimates) to 16.6 percent in 2018-19. Statesâ&#x20AC;&#x2122; share in central taxes is budgeted to increase 17.1 percent in 2018-19 following recommendations by the 14th Finance Commission. Revenue deficit is budgeted to fall from 2.6 percent in 2017-18 to 2.2 percent in 2018-19 because of higher growth in tax revenues. Major subsidies as percent of GDP are budgeted to remain unchanged at 1.4 percent in 2017-18 and 2018-19. However subsidy burden may increase due to firmer energy prices. Outgo on major subsidies may fall in the medium term due to better targeting and coverage, and lower leakages.

in August 2017 to US$ 4.8 billion in December 2017. In April-December 2017, the highest FDI came in telecommunications (US$ 6.14 billion), followed by computer software/hardware (US$ 5.16 billion), and services (US$ 4.62 billion). Mauritius led the FDI inflows into India with US$ 13.35 billion, followed by Singapore (US$ 9.21 billion), the Netherlands (US$ 2.38 billion) and US ($1.74 billion). According to UNCTAD, global FDI inflows fell 16 percent in 2017 to US $1.52 trillion because of decline in investment in greenfield projects. Inward FDI flows to developed economies declined 27 percent to US$ 810 billion. However, developing economies saw FDI inflows increase 2 percent to US$ 653 billion. With forecast improvement in world economic growth during 2017, global FDI inflows could increase in 2018.

FOREIGN DIRECT INVESTMENT INFLOWS BY SECTOR

CENTRAL GOVERNMENT DEFICIT INDICATORS

Foreign Portfolio Investment

Foreign Direct Investment Foreign Direct Investment (FDI) equity inflows into India grew marginally from US$ 35.84 billion in April-December 2016 to US$ 35.94 billion in AprilDecember 2017, representing a growth of 0.3 percent. FDI inflows have however declined from US$ 8 billion

Foreign Portfolio Investment (FPI) inflows in the equity and debt markets in India increased during 2016-17 and 2017-18. Overall, net FPI inflows were Rs. 1,447 billion during 2017-18, compared with inflows of Rs. 484 billion in 2016-17.

NET INVESTMENTS BY FIIďż˝ IN INDIAN CAPITAL MARKETS Key Indicators: Data categories 1. GVA and Related Indicators GVA (current market prices) Growth Rate GDP (factor cost 2011-12 prices) Growth Rate Per Capita GDP 2. Production Food grains Index of Industrial Production (growth) Electricity Generation (growth) 3. Prices Inflation (WPI) (average) Inflation CPI (average)

Unit

2015-16

2016-17

2017-18

Rs Crore % Rs Crore % Rs.

12,566,646 9.2% 10,503,348 8.1% 107,280

13,841,591 10.1% 11,247,629 7.1% 117,427

15,166,379 9.6% 11,964,479 6.4% 127,292

Million tonnes %

251.57 3.3

275.11 4.6

277.48 4.3

5.7

5.8

5.2

% %

-3.7% 4.9%

1.7% 4.5%

2.9% 3.6%

ANNUAL REPORT 2017-18

Data categories External Sector Export (in US$ terms) Import (in US$ terms) Current Account Balance (CAB/ GDP) Foreign Exchange Reserves Average Exchange Rate Money and Credit Broad Money (M3) (annual) Scheduled Commercial Bank Non Food Credit Fiscal Indicators (Centre) e Gross Fiscal Deficit Revenue Deficit Primary Deficit Population

Unit

2015-16

2016-17

2017-18

% change % change

-15.5% -15.0% -1.0%

5.2% 0.9% -0.7%

9.9% 20.9% -1.9%

360.2 65.5

370.0 67.1

424.4 64.5

3.9 2.5 0.7 1,283

3.5 2.1 0.4 1,299

3.5 2.6 0.4 1,316

% US$ Billion Re/US$ % change % change % of GDP % of GDP % of GDP Million

Note: na: not available. a Average exchange rate (RBI’s reference rate). b Fiscal indicators for 2017-18 are based on revised estimates.

C��: According to recent estimates by the International Monetary Fund, the Indian economy is poised to grow faster than global average in the medium term. Growth is expected at 7.4 percent in 2018, and range between 7.8 percent and 8.2 percent during 2019 to 2023. Growth is expected to be driven by pick up in private consumption, low inflation and higher real incomes; and expected revival of investment and pickup in industrial activity. India’s share of world GDP (PPP terms) forecast to increase from 7.4 percent in 2017 to 9.4 percent in 2023. However, according to recent analysis by the World Bank, ``… reaching growth rates exceeding 8 percent will

18 |

ANNUAL REPORT 2017-18

require continued reform, and a widening of their scope, aimed at resolving issues related to credit and investment, and enhancing the competitiveness of India’s exporting sector. Maintaining hard-won macroeconomic stability, providing a definite and durable solution to the cleaning up of banks’ balance sheets, realizing GST’s growth and fiscal dividend, and regaining momentum on the unfinished structural reform agenda will be key for realizing these rates of growth. Accelerating the growth rate will also require continued integration into the global economy’’’. (Sources of data: Ministry of Finance, CSO, GOI, Economic Survey–2018-19 ; RBI; IMF) (Courtesy: ICRA Management Consulting Services Ltd.)

TAMIL NADU ECONOMY

amil Nadu is one of the progressive states of the country with laudable socio-economic indicators. It is among the most industrialised states in the Country and boasts of a diverse mix of sector and product portfolios. Tamil Nadu is the second largest state of India in terms of the economy, and contributed 8.5% to India’s GDP in 2017-18. The State is committed to achieve higher sustainable economic and inclusive growth. As per State Government Budget, in nominal terms, Gross State Domestic Product (GSDP) of Tamil Nadu is expected to grow 8% from Rs. 13,38,766 crore in 2016-17 to Rs. 14,45,227 crore in 2017-18.

GSDP per capita of Tamil Nadu at Current Prices ( Rs.)

The State enjoys a leadership position in the country with regard to automobiles, auto components, heavy engineering and general engineering industries and also readymade Textiles and Hosiery that have been generating huge employment. The State aspires to attain global leadership and linkages in these sectors.

3. The state saw a dip in FDI inflows in the year 2016-17 by more than 40%, and has picked up in 2017-18 (April–December)

Tamil Nadu’s debt to GDP ratio is below the average for all states put together. In fiscal 2018, it ran a fiscal deficit of 2.8% (20 bps below medium term fiscal plan of 3% of GSDP). Tamil Nadu has issued all of its targeted UDAY bonds as per the MoU and has budgeted the fiscal deficit for fiscal 2019 at 2.8% of GDP, same as in fiscal 2018 which is within the FRBM limit. GSDP of Tamil Nadu at Current Prices (Rs. Crore) CAGR of between 2012-13 & 2017-18 was about 11.06% Tamil Nadu continues to be an attractive investment destination for investors and is in the forefront of attracting Foreign Direct Investments (FDI), establishing Special Economic Zones (SEZ) and Industrial Parks. Tamil Nadu has a well established transportation system that connects all parts of the State, which has been a significant factor in attracting investments and ensuring all round development. Tamil Nadu has consistently outperformed the national growth rate. However, the growth rate in FY 16 was on par with the national growth rate. While the same improved in FY 17, the dip in 2018 also appears to be in line with the slowdown in the country’s growth. The slow growth of population at 0.9% per annum during FY2014-18 has resulted in a 10% increase in annual per capita income–from Rs. 116,851 in 201213 to Rs. 188,426 in 2017-18 (revised estimates)

(Source–Central Statistical Organisation, IMaCS Analysis) FDI Inflows & Investments 1. Cumulative FDI inflows Rs. 1,511 billion (April 2000 to December 2017) 2. FDI equity inflows improved from Rs. 148.30 billion in 2016-17 to Rs. 177.45 billion in April-December 2017

4. Ranked fourth behind Maharashtra, National Capital Region, and Karnataka 5. Incremental investments during AprilDecember 2017 were Rs. 177.45 billion. 6. Automotive, Construction, Services, and Computer Software/Hardware have attracted investments 7. Cumulative investment attracted by Tamil Nadu through Industrial Entrepreneurs Memorandum (IEM) filed during the period January 2016 to March 2018 was Rs. 106 billion 8. Following first Global Investors Meet in Tamil Nadu in September 2015, 98 Memoranda of Understanding (MoU) were signed with investors, committing a total investment of Rs.2.42 trillion in the State across different sectors. Presently, 61 projects that will generate 96,341 jobs and with a total investment of Rs.627.38 billion are under implementation. Key drivers of Tamil Nadu’s economy Traditionally a strong agro and manufacturing based economy, over the years the state made significant strides in the services sector as well. The strong primary and secondary sectors provided the necessary foundation for the growth of the services sector. Some of the key drivers are: Automotive: The automotive sector contributes to about 20% of the state’s industrial output. Home to nearly a dozen Auto OEM’s, the state accounts for 20% ANNUAL REPORT 2017-18

of the installed capacity of vehicles in the country. The State has emerged has the export hub for passenger vehicles accounting for 70% of the Indiaâ&#x20AC;&#x2122;s passenger vehicle exports. The automotive industry is ably supported by component manufacturing with over 80 large component manufacturers making Tamil Nadu their home. The state also manufactures 40% of all the tyres made in India. Chemical & Pharmaceuticals: Tamil Nadu has the fourth largest concentration of chemical industries and offers great potential for biotechnology due to its diverse natural resources and human resources. The state accounts for 10% of the total pharmaceutical production of the country and is fifth largest producer of pharmaceutical products in India. The state government has initiated various flagship infrastructure projects in the sector such as the TICEL biotech park-II in Chennai, TICEL biotech park-III in Coimbatore and marine biotech park near Mahabalipuram. Textiles: Tamil Nadu has always had a strong textile base with contribution across the value chain from yarn to apparel. The state ranks first in apparel production and second in textile production in India. It houses Indiaâ&#x20AC;&#x2122;s largest spinning industry, accounting for almost 40% of the total installed capacity of the country. The state has around 6 upcoming textile parks and 2 upcoming apparel parks Software: The state is the second largest software exporter of software. Tamil Nadu has the largest telecom bandwidth in the country and also has the highest tele-density with 14.8 tbps. The state has 20 operational IT SEZs and provides employment to more than 400,000 professionals. Tourism: Tamil Nadu is ranked first in both domestic and foreign tourist arrivals in the country. Many steps are being taken to sustain the top position in both domestic and foreign tourist arrivals in the ensuing years. The state holds the distinction of being home to 5 UNESCO Heritage sites, which is the highest for any state in India. Infrastructure: The economic drivers of the state are ably supported by a strong focus on infrastructure which has helped the state maintain its edge. Roads: Tamil Nadu has 40 stretches of national highways running through it with a length of about 5,000 km. The state is also an important terminus in the Golden Quadrilateral road link of the National

20 |

ANNUAL REPORT 2017-18

Highways Authority of India (NHAI). The state has complemented well by developing State highways to the extent of about 12,000 kms. Further, 11,500 kms of major district roads connect the key towns and trading centres across the state. Railways: Tamil Nadu presently has 4,027 km of railway lines in terms of route kilometres. Chennai also has a well-established suburban railway network connecting it to the suburbs. Construction of Chennai Metro began in June 2009 and the first stretch of 10 km began operation in June 2015. As of May 2018, total operational network is 35 km out of the initial distance of 45 kms. The Phase-I extension, covering a length of 9 kilometre from Washermenpet to Thiruvottiyur / Wimco Nagar, is also under implementation. The remaining part of the underground sections of Phase-I of the Chennai Metro Rail Project are expected to be operational in stages by the end of 2018. In addition, three more metro rail corridors covering a total distance of 107.5 kilometre under Phase-II at an estimate of Rs.799.62 billion have been approved and recommended by the State Government to the Government of India for obtaining external aid. Port: Tamil Nadu has three major ports, at Chennai, Ennore and V O Chidambaranar; it has 23 minor ports. Ports at Cheyyur (Panaiyur), Marakkanam and a combined port facility at Sirkazhi Taluk are under development. The Chennai port mainly handles container cargo, while the Ennore and V O Chidambaranar ports handle coal, ores and other bulk minerals. In 2017-18, the total traffic handled at Chennai, Ennore and V O Chidambaranar ports was 51.9 million tonnes, 30.4 million tonnes and 36.6 million tonnes, respectively. Together, the three ports accounted for about 17.5% of the total traffic handled at all major ports across the country. Connectivity to Chennai port continues to be a concern with the 19 Km Chennai port- Maduravoyal expressway mired in various controversies and the work not having recommenced. Access to the port though the expressway will go a long way in providing a fillip to Tamil Naduâ&#x20AC;&#x2122;s economy. Airports: Tamil Nadu is the only state in India to have 4 international airports namely, Chennai, Coimbatore, Madurai and Trichy. In 2017-18, Chennai Airport recorded a 10.9% growth in passenger traffic to 20.36 million. Freight traffic increased 16.3% in 2017-18 to 418 million tonnes. Chennai airport is expected to add a new terminal building at the airport

in Chennai at a cost of Rs. 24.67 billion. The new terminal building could have a capacity of 35 million passengers per annum, and take care of growth requirements till 2027. Electronic data interchange (EDI) facility for customs clearance is available at the Chennai Airport. A new integrated terminal building has been constructed at Madurai Airport. Chennai Bengaluru Industrial Corridor: The Chennai Bengaluru Industrial Corridor (CBIC) is a proposed 268-km road corridor starting at Hoskote in Bengaluru and terminating at Sriperumbudur in Tamil Nadu. It will run parallel to the existing National Highway-4 and facilitate high-speed travel on the corridor. The National Highways Authority of India (NHAI) has projected peak traffic of 45,000 to 60,000 passenger car units a day along the corridor. Defence Corridor: In the 2018 Union Budget, two Defence Corridors were announced in Tamil Nadu and Uttar Pradesh. The process has already begun to set up these corridors. The Tamil Nadu Defence Corridor, also called the Tamil Nadu Defence Production Quad as the nodal cities form a quadrilateral, will include Chennai, Hosur, Salem and Coimbatore, Tiruchirappalli as nodes. These nodal cities have existing defence ecosystem in the form of Ordnance Factory Boards (OFBs), vendors working with Defence PSUs, and other allied industries. The Tamil Nadu Defence Corridor aims to bolster interaction between all industry players in order to create long-term synergy and eventual development of the area into a Defence Production powerhouse. Power: The success of economic growth in an economy with sustainable development critically depends upon the macro economic environment coupled with infrastructural development. As such, power development is one of the key inputs for the overall socio -economic development of a State. As per Central Electricity Authority’s (CEA) statistics for March 2018, Tamil Nadu has a total installed capacity of 29,563 MW. Of this the central sector accounts for 6,119 MW, while the state sector accounts for 7,170 MW. The balance installed capacity of 16,273 MW is accounted for by private power companies in the state. The installed capacity includes about 2,203 MW of hydro power, which is normally used to meet the peak-hour load. Tamil Nadu has achieved 100% electrification of households.

Tamil Nadu is a leader in renewable energy, more specifically the wind power. The installed capacity of renewables as of March 2018 is around 10,825 MW. TN–Power Demand and Deficit The Aggregate Technical and Commercial losses (AT & C) losses of Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) have been reduced from 20.2% in 2010-11 to 14.6% in 2015-16, and are planned to be reduced to 13.5% by 2018-19 through modernisation, strengthening and improvement. After TANGEDCO joined the Ujwal Discom Assurance Yojana (UDAY) scheme initiated by the Government of India, loans of Rs. 228.15 billion have been taken over by the Government of Tamil Nadu, thereby providing substantial relief in interest payments/cash flow management. Banking & Financial Services: Tamil Nadu houses approximately 7.6% of India’s total bank offices. The state had a total of 10,612 (Scheduled commercial banks) banking offices as of December 2017, out of which 1,515 are located in Chennai. As of December 31, 2017, total deposits were Rs. 6,930 billion out of which Chennai accounted for Rs. 2,877 billion. Total credit was Rs. 7,715 billion with Chennai accounting for Rs. 3,704 billion. Other major banking centres are Coimbatore, Kancheepuram, Thiruvallur, and Tiruchirapalli. Conclusion: While the state has a very good base across agriculture, industry and services and has also outlines and an ambitious Vision (Vision 2023) which has identified certain important Social and Economic Objectives like becoming Poverty free by 2023, achieving an average growth rate in GSDP of 11% per annum, improving per capita income to US$ 10,000 etc., there is a need to provide the necessary support by way of policy measures and improvements to business processes within the Government. The state needs to improve its ranking in ‘Ease of Doing Business’ by ensuring the various arms of the government are sensitive to the needs of the agriculture and business communities. This will ensure that the state realises its Vision of becoming India’s most prosperous and progressive state. [Courtesy: ICRA Management Consulting Services Ltd.)

ANNUAL REPORT 2017-18

GENERAL COMMITTEE MEETINGS

he Committee met every month regularly and held 12 meetings during the year. Apart from the various regular reviews, consultations and discussions, the deliberations centered around some of the important subjects as follows:

Study on Industrial Estates T he C hamber, with the help of ICRA Management and Consultancy Services (IMAcS), carried out a critical analysis o f the var ious parameters of DIPP rankings of the States and why TN was slipping down in the same. Subsequently the General Committee had interactions with senior bureaucrats like Mr. Vikram Kapur, IAS, Mr. Atulya Misra, IAS, Mr Krishnan IAS and few others to highlight the fact that TN has to become an attractive destination for investments, both domestic and foreign and shared our suggestions towards the same. Arising out of the discussions the committee decided to take up a study on the health of Industrial estates in the State which are essential to attract investments and come up with suggestions for improving them both from infrastr ucture and operational standpoint. The Chamber had engaged t h e s e r v i c e s o f Av a l o n Consulting Pvt. Ltd. and have commissioned the study. Several rounds of discussions were held in different GC meetings .The study will be completed shortly and the report would come up with a set of initiatives that can help enhance TNâ&#x20AC;&#x2122;s Industrial Estates and lead the way for future estates.

22 |

Suggestions to the Government to ensure ease of doing business The General Committee had an interactive meeting with Ms. Shilpa Prabhakar Satish IAS, Executive Vice Chairperson, Tamil Nadu Guidance Bureau, Government of Tamil Nadu in March 2018. She highlighted the Business Facilitation Act introduced by the Government which was one of the major recommendations by the Chamber in our Study on Manufacturing Road map for TN in the year 2014. The Committee also updated her on our analysis of DIPP ranking for the State in 2017 and our suggestions for improving the ranking. The Committee also emphasized on the need for encouraging new business sectors in the State sectors that would thrive in the coming years like making Chennai a financial hub, focus on sectors like aerospace, defense, etc. She was also briefed about the ongoing study on TN Industrial Estates. Ms. Shilpa agreed to extend the best possible support to the Chamber in these endeavors.

Membership Committee The General Committee formed a Membership Committee under the leadership of the Vice President with the Co Chairpersons of the Expert Committee as its members. The Committee was formed with an aim to relook our membership pattern, understand the relevance of the Chamber to certain categories of members, explore enhancing the membership to be more broad based, etc The Committee had its share of meetings and sought the guidance of the General Committee to organize a workshop to brainstorm the various points that have been discussed in the Committee and to come with ideas for the future focus of the Chamber, to decide on the strategies to be adopted to strengthen the member base of the Chamber.

General Committee Meeting convened by Mr.Ram Venkataramani, President, MCCI

Membership Committee meeting convened by Ms. Gayathri Sriram, VP, MCCI

ANNUAL REPORT 2017-18

STATUTORY

13th July 2017

181st Annual General Meeting The 181st AGM of the Chamber was held at Hotel ITC Grand Chola, Chennai.

Business Session The newly constituted Committee for the year 20172018 was announced. Mr. Ram Venkataramani, MD, IP Rings Ltd. would continue as the President for the year with Ms.Gayathri Sriram, MD, Ucal Auto Pvt. Ltd. as the Vice President. Mr. Ram Venkataramani, President chaired the Business Session and conducted the proceedings. Before taking up the items on the agenda for discussion, he apprised the members of the various initiatives and activities taken up by the Chamber, taken up during the year.

Public Session In the Public Session, Mr. Ram Venkataramani, President, MCCI in his welcome address, briefed the audience on important activities and the key initiatives which the Chamber undertook in the year 2016-2017.

Business session in progress: Mr.Ram Venkataramani, President addressing the gathering. Others in the picture: L to R â&#x20AC;&#x201C; Ms. K.Saraswathi, Secretary General and Ms.Gayathri Sriram, Vice President

He said the Chamber has shared its inputs with the Government on the ease of doing business. He also informed that the Chamber is working on a report on the health of Industrial Estates in the State which, not only would provide suggestions for improving them, but also would give ideas for better planning of Industrial Parks in the future. Talking about the economy, the President expressed his appreciation for the highly energized Prime Minister and his Cabinet and for all schemes such as Make in India, Digital India, Skill India, and Universal Banking and for bringing in Aadhar to avail the subsidies. He added that in spite of the positive macroeconomic indicators the business community is cautiously optimistic, and skeptical about the multiple slabs in GST, micro management of Indirect taxes, legal tangles in land acquisition and the archaic labour laws. Mr. T.T.Srinivaraghavan, Managing Director, Sundaram Finance in his special address, shared his views on the current business sentiments.

Ms. Shilpa Prabhakar Satish IAS addressing the audience

Mr. T.T.Srinivasaraghavan, MD, Sundaram Finance Ltd., delivering the special address

ANNUAL REPORT 2017-18

Raising the question, as how we are doing as a country, he stated that in spite of reports on many positive factors, nobody is jumping with joy and there is something that seemed to be held back. He said that there seemed to be a huge gap between the statistical reality and a real world reality. He talked about the lending by banks to the organized sector, pointing out that the unorganized sectors still remain financially orphans. He stated that while skill development and e m p l o y a b i l i t y, a r e b u z z w o r d s n o w, t h e progress has been limited. Education has improved, but does it translate into jobs, he asked. With regard to regulatory measures, the cost of compliance has become high. There are stringent measures and penalties for those who do not comply. As for those who comply with the norms and are regular in paying their taxes, is there a possibility of getting 2% break on the tax?, he mused. He co n c l u d e d s ay i n g that the perception that Tamil Nadu is not open for business has to be removed and there is a need to change this at the earliest.

24 |

Mr.Deepak Bagla MD & CEO, Invest India, Chief Guest addressing the audience

Ms. Shilpa Prabhakar handing over the certiďŹ cate to a Student for undertaking skill training in the joint facility of MCCI and PAN IIT

Ms. Shilpa Prabhakar Satish, IAS, Executive Vice Chairperson, Guidance Bureau, in her address, stated that the State is working on every parameter given by Department of Industrial Policy and Promotion (DIPP) in ensuring ease of doing business. Further, she stated that the State is working on Single Window Online clearance and a business facilitation policy that would be made into a legislation. It will indicate the time frames within which the departments have to give their approval. She said that the Government had attracted Rs.2000 crore investments this year and added that the State is preparing to hold a Global Investors Meet in 2019. Mr. Deepak Bagla, Chief Guest, in his address stated that India is globally the number one destination for foreign Investments and we have been

ANNUAL REPORT 2017-18

continuously in this position for the past 3 years which is a major achievement. His address stressed on the Change that is happening. He talked about the advantage of the demographic Dividend, wherein we will have 1 billion population below 30 in India in the year 2025, which would be the largest human capital. On an average, a person born in 2005 would spend 175000 dollars in his lifetime and if we multiply this to 1 billion, we can imagine the purchasing power of the Economy, he said. He futher said that there is a rapid level of transformation and all the 29 states and union territories are working towards achieving 7.2 % growth in GDP. He added that 9 States are already in this league of 7% growth, the next 9 States would reach this level in 2 years and the next 9 States will reach this target in 3 years. He mentioned that the Make in India scheme is a big business plan wherein the Government chose 25 different sectors on the basis of investments that were already coming in. With regard to regulatory measures, he lauded the new government for scrapping nearly 1200 regulation in 2 years in comparison to removing of 1100 regulations in 25 years.

He pointed out that India is the only country that had jumped from the 70th position to 30th in its competitiveness in 2 years according to the World Economic Forum and that shows how things are changing fast. He further briefed about Invest India, which is the voice of the Industry and their achievements in bringing an auto major company to Chennai and a wind power company to invest in India within 15 months from the discussion stage, which is a record. He concluded by stating that we create Nations not by Policy, but by Passion and for a New India to shine bright, the choice is in us. The Chamber had entered into a MOU with PAN IIT for setting up a joint training facility for skill development. The First batch of students completed their training and have been placed for recruitment in IP Rings Pvt Ltd. and Alcraft Thermo Technologies. A few Students were awarded certificates by Ms. Shilpa Prabhakar Satish. Ms. Gayathri Sriram, Vice President, delivered the formal vote of thanks. The AGM Public Session was attended by 200+ participants and concluded with lunch.

A Section of the audience

ANNUAL REPORT 2017-18

26th September 2017 Chamber Day The Chamber celebrated its 181st Chamber Day on 26th September 2017 at Hotel ITC Grand Chola a few days ahead of its actual birthday, on account of Ayudha Pooja on 29th September 2017. Mr. Ram Venkataramani in his welcome address gave an over view of the Chamber’s different initiatives which were in line with the changing times. Further, he touched upon Demonetization and GST which were challenges that the Industries were facing, especially the manufacturing sector, and added that in spite of these factors, the country has a reasonable GDP growth. Dr. V. Anantha Nageswaran, Senior Adjunct Fellow (Geo Economic Studies), Gateway House, Indian Council on Global Relations, Mumbai, Guest of Honor in his address, gave a detailed presentation on “Assessment of Global and Indian Economic Prospects and Risks”. He gave statistics on the fault lines in the economies of USA, Eurozone and China and how India has to learn a lesson from the Global Arena.

Mr. Ram Venkataramani, President, MCCI welcoming the Chief Guest and the participants

Mr. V. Anantha Nageswaran making a presentation

Further, he highlighted the reasons for the current economic position and recommended prescriptions such as accepting reality, reducing tax terrorism, revising and improving GST rate structure, simplifyingtax structure, liberating education Mr. Srivats Ram, MD Wheels India Ltd. delivering the Chief Guest address

26 |

ANNUAL REPORT 2017-18

and changing governance of public enterprise for India in order to surge forward in its economic growth. Mr. Srivats Ram, Managing Director, Wheels India Ltd., in his address covered two aspects. “Making sense of the Economy” and “Re- educating ourselves”. He touched upon infrastructure and growth, efforts towards ensuring Inclusiveness b y t h e G o v e r n m e n t A Section of the audience through reforms like Jandhan, Demonetization etc, the need for labour reforms to create employment, improving business sentiments and investment climate. Further, he laid emphasis on the changing nature of the jobs in the manufacturing industry d u e to te c h n o l o g i c a l advancements and the need for faster adaptability and quick learning. Ms. Gayathri Sriram, Vice President, proposed the A Section of the audience formal vote of thanks. The meeting was attended by more than 200 participants and concluded with dinner.

Mr.Ram Venkataramani doing the honors of cutting the cake to celebrate the 182nd birthday of the Chamber

ANNUAL REPORT 2017-18

FLAGSHIP ACTIVITIES

6th October 2017 5th Power Conference on “TN Moving towards 24/7 Sustainable Power Supply”

he Madras Chamber, in association with India Energy Forum, organized the 5th Power Conference on “Tami Nadu Moving Towards 24/7 Sustainable Power Supply” at the L&T Auditorium. ICRA Management Consulting Services (IMaCS) was the Knowledge Partner and L&T Construction, Chennai was the Industry Partner for the Conference. The sponsors for this conference were State Bank of India, Grundfos Pumps Pvt ltd, Thermax and Chakiat Shipping and Logistics Services. Mr. T.Shivaraman Past President, MCCI and Managing Director, Shriram EPC, in his welcome address lauded the turnaround of the power situation in Tamil Nadu, from deficit in 2013 to surplus power in 2017. He added that future is electric and there are interesting trends in public transport with metros and electric buses. He stated that we have to plan for 5 years from now and reimagine the grid system for energy integration. Mr. Anil Razdan, IAS Retd President India Energy Forum and Former Secretary Power, and Special Secretary and Additional Secretary Power and Natural Gas, Govt of India, highlighted the economic, environmental, technological and the knowledge sustainability which is essential for maintaining the current position of surplus power. He stated that striking a balance between thermal and other energy resources will help us to move towards sustainability. He appreciated the 100% electrification of villages in Tamil Nadu and insisted upon the need for capacity building for technical staff while moving towards renewable energy.

Mr. V.Sriram, CEO, IMAcS Chennai, Knowledge Partner for this conference made a presentation on how the energy sector has moved significantly from 2013 to 2017. He stated that though the projections for 2017 were deficit, Tamil Nadu has moved towards a surplus. He briefed on the future scenario and highlighted on the demand supply gap peak deficit which has fallen sharply. He emphasized on the power demand balance between industry, domestic and agriculture and the concerns of subsidy burden. Mr.T. Madhava Das, Executive Vice President (T & D) L & T Construction in his special address mentioned about L & T’S contribution to the Power sector and elaborated on the SEEDS of Sustainable power, which are Solar and other forms of Energy, Energy Storage, Substations and TL for Evacuation, Smart Distribution and STATCOM. Mr. Bhambhani took the audience down the memory lane recalling the association of India Energy Forum and the Madras Chamber. He added that this conference has played a significant role with many of the recommendations deliberated over the years being implemented in transforming Tamil Nadu a from power deficit to a power surplus state. Mr. S.Venkatachalam, Managing Director, Orient Green Power and Chairman, MCCI Energy Committee proposed the formal vote of thanks. The Inaugural was followed by Technical Sessions which had the following eminent speakers. Technical Session I dealt with the Power Producers Perspective on whether the Generating Capacity is More, Enough or less.

Mr. T. Shivaraman, Past President, MCCI welcoming the participants

Mr. T. Madhava Das, Executive VP (T & D) L & T Construction making a presentation

28 |

Mr. Anil Razdan, IAS Retd. President, India Energy Forum, delivering the special address

ANNUAL REPORT 2017-18

. Mr. V. Sriram, CEO,IMAcS,Knowledge Partner for this conference making a presentation.

Chaired by Mr.H L Bajaj, Former Chairman, CEA & Member, India Energy Forum the speakers were:Mr. D. Venkatasubbiah, CGM – Thermal, Neyveli Lignite Corporation. Mr. R. Sathyanarayana, Station Director, MAPS Kalpakkam, Mr. K.V. Sajay, EVP – Solar Business, Siemens Gamesa Renewable Energy Mr. S. Venkatachalam, Managing Director, Orient Green Power, Te c h n i c a l S e s s i o n I I Distribution, Supply and Storage Status-Challenges & Opportunities was chaired by Mr. B. Bhambani, Convenor, India Energ y For um. T he Speakers were:Mr. Rajagunanidhu of State Load Despatch Centre of Tamil Nadu Electricity Board Mr. S.K. Kar, Additional General Manager (Commercial) NTPC Mr Shaji John, Head – Solar Business Unit, L & T Construction. Mr. Sen Dy. General Manager, Power Grid Mr. Jagan Sales and Marketing of Thermax Technical Session III was chaired by Mr. Anil Razdan. He made his observations on how the energy sector has matured demanding a debate on pricing. The speakers were Mr. Girish Kumar Kadam Vice President, Corporate Sector Ratings at ICRA, Mr. S hankar R a jaram, VP, Business Development, Grundfos Pumps Pvt Ltd., Dr. Prabhjot Kaur, Principal Scientist, IIT Madras Dr. J. Nagesh Kumar, Director, Centre for Energy, Environment and Productivity Around 100 delegates participated in the Conference and had a lively interaction with the speakers.

Mr.S.Venkatachalam, Chairman Expert Committee on Energy & MD, Orient Green Power addressing in the ﬁrst technical session. Others (L to R ) : Mr.D.Venkatasubbiah, Mr.R.Sathyanarayanan, Mr.K.V.Sajay, Mr.H.L.Bajaj, Mr.Rajagunanidhi & Mr.S.K.Kar

Mr.A.Jagan addressing the audience in the second technical session. Others (L to R): Dr Subir Sen, Mr.Shaji John, Mr.B.Bhambani

Dr.Prabhjot Kaur in the third technical session. Others (L to R ) : Dr J Nagesh Kumar, Mr.Anil Razdan, Mr Shankar Rajaram Mr.Girish Kumar Kadam

A section of the audience

ANNUAL REPORT 2017-18

9th and 10th November 2017 UTC Conference on Chennai as a Global City on the 6th Anniversary of Sustainable Chennai Forum

he Chamber launched the Sustainable Chennai Forum on November 9, 2011. The objective of this Forum is to promote a business case for sustainable development and evolve a congenial policy and actionoriented environment for the all round sustainable development of the Chennai Metropolitan region. The Focus is on areas like Energy, Water, Waste Management and Transport. To mark the third anniversary of SCF and to highlight the importance of Inclusive Urban Prosperity, the Chamber organized a Seminar on Inclusive Urban Prosperity along with National Institute of Urban Affairs (NIUA). The Seminar focused on issues and challenges of urbanization and the need for appropriate policy formulation to ensure that urbanization encompasses economic, social and environmental development.

Mr.S.Krishnan, IAS, Principal Secretary to Government, Housing and Urban Development Department, GoTN delivering the Special Address. Others on the dias (l to r : Ms.K.Saraswathi, Mr.Ram Venkataramani & Prof.Jagan Shah.

The Chamber was in constant touch and engaged in dialogues with NIUA and a City Level Workshop on Chennai Urban Observatory was organized coinciding with our 5th Anniversary celebrations of the Sustainable Chennai Forum in November 2016. This was organized with the support of UK-India Joint Network on Sustainable Cities. It was with this background that the Chamber along with NIUA participated and won a bid from UNHABITAT to host the first Urban Thinkers Campus conference in Chennai with the theme â&#x20AC;&#x153;Chennai as a Global Cityâ&#x20AC;? coinciding with the 6th Anniversary of the Sustainable Chennai Forum. NIUA and IMacs were the Knowledge Partners. IIT-Madras was the Associate Partner. The sponsors for this conference included Grundfos Pumps Ltd, Cognizant Technology Solutions India Pvt Ltd. Lakshmi Vilas Bank, Gabriel, Anand Group and GM Pens.

Prof Jagan Shah, Director, National Institute of Urban Affairs, New Delhi addressing the audience

In the Inaugural Session Mr. Ram Venkataramani , President, MCCI gave the welcome address. Prof. Jagan Shah, Director, National Institute of Urban Affairs, New Delhi delivered the key note address. Mr. S. Krishnan, IAS Principal Secretar y to Government, Housing and Urban Development Department, Government of Tamil Nadu, in the

30 |

ANNUAL REPORT 2017-18

A Section of Audience

Chief Guest Address stressed that the Chennai is a global city and the key is to maintain the position. He mentioned that to keep the efforts going, we should have evidence based approach wherein more partnerships with academia and research will be important in providing information to deal with various issues and we should be open to using data that could not have been gathered by one single source. He also briefed about Vision 2023 where urban infrastructure is the main focus which includes water supply and sanitation, housing and urban transportation. He concluded by stating that Tamil Nadu has balanced economic growth as a state and Chennai is the key hub and congratulated the Chamber for organising this conference. Prof. Ravindra Gettu, Building Technology & Construction, Division, IIT Madras in his address mentioned about a few initiatives of IITM to make Chennai move forward in its mission to become a Global city .

Each session had 1-2 Urban Labs related to best practices and case studies across the country and a few international case studies related to the session where speakers explained the participants on how such similar practices can be adopted in Chennai as well. The Sessions under each theme were as below: Theme I: Resilience & Smart Cities

Session I: Building a Resilient and Smart City The topics in this session included 1.

Disaster Preparedness for Resilient Cities

Challenges in Implementation

Designing Smart Cities

Integrating Climate Resilience with Smart Cities

Understanding Vulnerabilities in Chennai

Mr. Raghuttama Rao moderating the session â&#x20AC;&#x153;Building a Resilient and Smart City

Ms. K.Saraswathi, Secretary General, MCCI proposed the formal vote of thanks. The Urban Thinkers Campus was conducted across two days and covered three themes under the topic of â&#x20AC;&#x153;Chennai as a Global Cityâ&#x20AC;?. The campus had three themes running in parallel. Each session had a panel of 5-6 eminent speakers who engaged in presentations, deliberations and discussions on topics of their domain expertise and brought forth the challenges and issues in the City.

Dr.B. Chandramohan IAS interacting with the audience

Urban labs Case Studies on the following topics were presented 1.

Mobilizing Resilience & recovery through Collaborative EffortsChennai Floods

Use of COREDAR tool for coastal cities

Resilient Cities Strategies-A case study of Surat ANNUAL REPORT 2017-18

Session II: Enhancing Urban Connectivity The topics in this session included 1. Digital Infrastructure for Cities 2. Transforming Transportation using Non- Motorized Transport 3. Mitigating Climate Change Effects of Urban Mobility 4. Traffic Management in Chennai

Urban Labs 1.

Creating Sustainable Community- Sri City

Urban labs 1. 2.

Public Cycle Sharing Infrastructure for Chennai Future of Mobility-Electric Cars

Session III: Improving Sustainable Urban Infrastructure The topics in this session included 1. Water Supply & Sewage 2. Waste Management 3. Pricing for Urban Services 4. Infrastructure for Disaster Risk Reduction Theme II: Inclusion, City’s Expansion and Social Infrastructure

Session I: Planning City’s Gr1owth and Natural Resources The topics in this session included 1. City’s Growth Expansion Plan 2. Future of Real Estate -Chennai 3. Redevelopment or Revitalizing Development 4. Housing for a Global City 5. Urban Green & Open Spaces 6. Conserving Natural Resources in Chennai

Urban labs 1.

Vulnerabilities of Encroachment on Coastal Areas, Marsh Lands & Eco sensitive Areas- Case Study Role of Civil Societies in Natural Resources Restoration

Mr.S.G.Prabhakharan welcoming the panelists and moderating the Technical session. Others on the dias (l to r : Mr.Ravindra Sanna Reddy, Mr.A.Abdul Rasheed, Mr. Pawan Kumar Sachdeva, Mr.M.D.Pushpanathan & Dr.S.Janakarajan)

Urban labs 1. 2.

Contested Urban Commons-Case Study of Lake Sampagini Upgrading Informal Settlements Case Studies – Kannagi Nagar/ Ezhil Nagar Chennai

Session III: Urban Well-Being and Social Infrastructure The Topics covered in this session included 1. Enhancing Skill Development for Industries 2. Creating Sports Infrastructure & talent 3. Universities & Smart Cities 4. Chennai Heritage Development 5. Quality of Life for all--City level Policy

Urban labs 1.

Improving Road Safety

Session II: Empowerment in Urban Inclusions The topics included 1. Engaging Urban Poor to build a Resilient, global and smart city 2. Financial Inclusion Solutions 3. Managing Migration 4. Women Empowerment

32 |

ANNUAL REPORT 2017-18

Dr. G. Sundaram IAS Retd. moderating the session. Others in the picture - L to R:- Ms. Priyanka Vasudevan, Mr. Ramkumar Ramamoorthy, Dr. Daniel Shah & Mr. Natarajan Rathianm

T h e m e I I I : G l o b a l I nve st m e nt Destination & Governance

Session I: Ease of Doing Business The Topics covered in this session include 1. Policy Enablers for Ease of Doing Business 2. Chennai Global Connect 3. Doing Business in a Global City 4. Emerging Business Opportunities in Chennai as a Global City 5. Easy life for Expats

Session II: Governance & Partnerships The session topics included 1. U K C o n n e c t f o r c r e a t i n g sustainable cities 2. M a k i n g P u b l i c - P r i v a t e Partnerships work 3. Cyber Security in Cities 4. e-governance 5. Citizen Involvement & Dialogue for a Global City

Urban labs 1.

GIF T- Gujarat International Finance Tec-City- Case StudyGovt JV

Session III: Sustaining as a Global City-Monitoring & Evaluation The topics in this session included 1. Role of Chennai Urban Observatory 2. Best and Next Practices of Cities Across India-Global Benchmarks 3. Managing Chennai’s development Trajectory 4. Translating IoT into Better Services 5. Smart Citizens for Global Cities

Mr. T.Shivaraman addressing the audience. Others in the picture ( L to R:- Mr.S.Sarathi, Mr. Karthik Appadurai, Mr. V. Sriram & Ms. Ranjini Manian

Post the third session in each theme, a plenary for summing up was held. Mr. Anand Iyer, NIUA summed up the proceedings held on both the days. The issues to be addressed were demarcated at the Governance level and citizen level and the priority tasks lined up. The Urban Thinkers Campus concluded with a Valedictory plenary, which was presided by the Honorable Deputy Chief Minister of the State of Tamil Nadu, Mr.O.Panneerselvam. Mr. S.G.Prabhakharan, Past President MCCI welcomed the Deputy CM. Mr. Anand Iyer made a brief summary of the proceedings. Mr. Raj Cherubal, CEO, Chennai Smart City Ltd addressed the participants. Mr. O.Pannerselvam, Chief Guest for the Valedictory session addressed the audience about the various measures taken by the Government in making Chennai a Global City. He elaborated on the Chennai Metro project, Intelligent transport solutions, urban housing, single window clearance for Industries etc. The issues raised and priority action tasks suggested were taken note of and full support of all government department agencies towards fulfilling the tasks outlined was assured of, by him. Ms. Gayathri Sriram, Vice President, MCCI proposed the formal vote of thanks. Around 200 participants including 60 + speakers took part in the first of its kind conference and gave an excellent feedback.

Urban labs 1.

Fraunhofer’s Morgenstadt (Cities of Tomorrow) Initiative 2. Online reporting of Civic IssuesCase Study Each session concluded with vibrant participation from the audience identifying and prioritizing the key challenges and issues within the city and mapping out action points for each stakeholder. Hon’ble Deputy Chief Minister Mr. O.Paneerselvam addressing the audience

ANNUAL REPORT 2017-18

Envisioning Chennai as a Global City

21st December 2018 Discussion on State of Indian Economy

s par t of our pre budget activities, the Chamber held a discussion on State of Indian Economy. M r. R a g h u t t a m a R a o , GC Member and CEO, Gopalakr ishnan Deshpande Centre for Innovation & Entrepreneurship welcomed the gathering and moderated the session. Dr. S.Narayan IAS Retd. Former Economic Advisor to the then Prime Minister, in his address stressed that the paradigm of economic management must change. Mr. Anjan Deb Ghosh, Executive Vice President and Chief Rating Officer, ICRA Group while presenting an outlook on the economy, stated that the general consensus was that things had bottomed out.

Mr. Raghuttama Rao, GC Member and Dr. S.Narayan IAS Retd. Former Economic CEO Gopalakrishnan Deshpande Centre Advisor to the then Prime Minister for Innovation & Entrepreneurships, addressing the audience moderating the session

Mr. Anjan Deb Ghosh, Executive Vice President and Chief Rating Officer, ICRA Group presenting an outlook on the economy

Mr. K. Muthukumar, Deputy Editor, Mr. Arjun Nagarajan, Co Chairman, Expert Research Bureau, Business Line making Committee on Economic Affairs delivering a presentation the vote of thanks

Mr. K . M u thuk um ar, Deputy Editor, Research Bureau, Business Line in his presentation e l a b o ra t e d u p o n t h e c o m p o n e n t s o f G D P, namely, Consumption, Investment, Government Spending and export and imports. T he response for the program was excellent and it was attended by 80 participants.

A section of the audience.

ANNUAL REPORT 2017-18

5th and 6th January 2018 All India Workshop on GST GST was introduced by the Government on 1st July 2017. A number of amendments have been made time and again by the GST Council. To update the members on the various changes, the Chamber organised a two day program “All India Workshop on GST” . The objective of the Workshop was to understand the current status of GST Laws including various amendments, the positives and negatives, issues on the ground like compliance, filing of return, getting refunds etc and to provide an opportunity to interact and seek clarifications from the expert speakers. Mr. T.T.Srinivasaraghavan, Past President, MCCI & MD, Sundaram Finance Ltd delivered the formal welcome address. Hon’ble Justice Dr.Anita Sumanth, Madras High Court was the Chief Guest. She inaugurated the program and wished its success. Mr. K.Vaitheeswaran, Chairman, GST Committee gave an overview of the Two Day workshop. Mr. K.K.Sekar, Co Chairman, GST Committee extended the formal vote of thanks. In the first technical Session Mr. V.Raghuraman, Advocate, Bengaluru made a presentation on the Concept and Scope of Supply. Mr. B.Sriram, Partner, Ernst & Young LLP Chennai presented on Valuation under CGST Act, 2017, followed by Mr. K.Vaitheeswaran on Input Tax Credit. Mr. K.K. Sekar, Head –Indirect Taxes, Ashok Leyland Ltd. Chennai

made a presentation on Job Work under GST followed by a presentation by Mr. Raghuraman on the Inter State – Intra State. On the second day, Mr. N. Venkataraman, Senior Advocate, Supreme Court of India addressed the participants on the topic of Recent tax decisions and their impact on GST quoting a few recent cases for easy understanding. A presentation on Works Contracts and Construction was made by Mr. P.R. Subramanian, Head-Indirect Taxes, L&T Construction. Ms. Aparna Nandakumar, Advocate made a presentation on Time of Supply and Reverse Charge Mechanism. The Place of Supply – Services relating to Hospitality, IT Industry and Transportation and Logistics was presented by Mr. P.V. Srinivasan, Corporate Advisor Bengaluru. Mr. R.Gopakumar, Associate Director, Cognizant Technologies Ltd., made a presentation on Zero Rated Supply and Deemed Exports. Ms. Jayashree Parthasarthy,Partner, Ernst & Young LLP Bengaluru made a presentation on GST – Other Aspects which included classification, High Seas Sales and in bond transfer and Anti profiteering. K. Vaitheeswaran summed up the Conference proceedings and agreed to send a representation to the Government with the outcome of this conference. The workshop was attended by 75 participants and the feedback was excellent.

Mr. K.Vaitheeswaran, Chairman, GST Committee giving an overview of the Hon’ble Justice Ms. Anita A Section of the participants Two Day Workshop. Others in the picture (L to R) Ms. K. Saraswathi, Secretary Sumanth delivering the Chief General, MCCI, Mr.T.T.Srinivasaraghavan, Past President, MCCI and MD, Guest address Sundaram Finance Ltd. , Hon’ble Justice Ms. Anita Sumanth, Judge, Madras High Court and Mr. K.K.Sekar, Co Chairman, GST Committee

36 |

ANNUAL REPORT 2017-18

3rd February 2018 Post Union Budget Workshop and Presentation on e-way Bill

workshop on the Central Budget and Finance Bill 2017-2018 was organized at Hotel Raintree following the release of the Union Budget on 1st February 2018 by the Finance Minister, Government of India. Dr. C. R angarajan, Former Governor, RBI and Former Chairman, Economic Advisor to then Prime Minister and Chairman, Madras School of Economics, set the tone for the event with his insightful analysis of the macroeconomic picture of the budget. His address highlighted that the budget 2018 is capable of promoting positive sentiments and that the Government should not let go another year with slippages and should keep a vigil on Fiscal deficit. His views on MSP, employment creation, tax on capital gains were food for thought. His address was well appreciated by the participants. Mr. Sriram Seshadri, Chairman, MCCI Expert Committee on Direct Taxes & Partner, Price Waterhouse & Co.LLP made a detailed analysis on the entire range of issues concerning Direct Taxes. The presentation helped participants gain a comprehensive understanding of the recent changes and their consequences. Mr. K. Vaitheeswaran, Chairman, MCCI Expert Committee on GST & Advocate and Tax Consultant made an analysis of the issues relating to Indirect taxes. The overall response for the program was positive. Fo l l o w i n g t h e s a m e , t h e Chamber organised a Session on E-Way Bill in the afternoon jointly with National Academy of Customs, Indirect Taxes & Narcotics (NACIN)

Dr.C.Rangarajan, Former Governor, RBI & Former Chairman, Economic Advisory Council to then Prime Minister and Chairman , Madras School of Economics delivering the Keynote Address.

Mr.Sriram Seshadri, Chairman, MCCI Expert Committee on Direct Taxes making a presentation on Budget Analysis â&#x20AC;&#x201C; Direct Taxes perspective

Mr.K.Vaitheeswaran, Chairman, MCCI Expert Committee on GST making a presentation on Budget Analysis â&#x20AC;&#x201C; GST perspective

Mr.Venugopalan Nair, IRS., Asst.Director & Mr.R.Srivatsan, Superintendent, NACIN, Chennai making a presentation on E Way Bill

A Section of the audience

Mr. Udayabhaskara Reddy, Chairman, MCCI Expert Committee on Logistics welcomed the faculty from NACIN and the participants. Mr.Venugopalan Nair IRS, Asst. Director, National Academy of Indirect Taxes & Narcotics (NACIN) and Mr.R.Srivatsan, Superintendent, NACIN, were the faculty for the session and they made a detailed presentation. There were numerous queries raised by the participants and the officials addressed the same. The feedback from the participants was very positive. The session was attended by more than 60 participants. ANNUAL REPORT 2017-18

2nd March 2018 Conference on CSR – Synergy for Maximizing Social Impact The Chamber had two successful conferences on CSR in 2016 and 017 with an objective of understanding the CSR agenda and implementation by Corporate and NGOs. Based on the positive response received in the last 2 years and as a “Chamber with a soul”, the Chamber announced it’s own CSR policy. Every first Friday of March has been earmarked as “MCCI CSR Day”. This will enable meaningful engagement with all stakeholders, particularly the Chamber’s members and their CSR efforts.

The round table was followed by the Conference. Mr. Ram Venkataramani, President, MCCI welcomed the Guests and the Participants. Ms. Rajashree Natarajan, Co- Chairperson, MCCI CSR Committee & COO, Cognizant Foundation summed up the discussions held in the Round table. She briefed the audience on the experiences shared by NGOs in the above mentioned sectors. Mr. Tushar Kalia, Senior Director, Goodera, Bengaluru made a presentation on the topic “Evolving CSR Landscape and Role of technology in measuring the impact of CSR programs

T he C hamber organized the 3 rd Conference on CSR, on the topic “Synergy for Maximizing Social Impact” on 2nd March 2018 at Hotel Crowne Plaza. The objective was to create a symbiotic relationship among the players for the development of ecosystem that will lead to socially responsible programs with maximum impact and scale for the social development of the nation. This year’s conference had two parts. One part was an exclusive round table to connect Corporate and NGOs. It was a platform for the NGOs to pitch in and form alliances to carry out their projects in sync with their goals and objectives. The sectors chosen included Education, Environment, Livelihood & Community Development and Healthcare. The round table had 3 to 4 CSR heads of various corporate and nearly 20 NGOs pitching in their activities. This was a huge success as the NGOs had an opportunity to interact with the Industries and other NGOs working on the same lines. The feedback received from nearly 70 participants was positive.

38 |

ANNUAL REPORT 2017-18

Round table Sessions to connect Industries and NGOs in the areas such as Education, Environment, Livelihood & Community Development

Mr.V.M.Rajasekaran, Chairman, MCCI Expert Committee on CSR & CEO Matches & Agarbatti Business,ITC Ltd gave an introduction and structure of the MCCI CSR Awards 2018. The Awards was launched by the Guest of Honor Mr. S.Sivakumar Group Head – Agri & IT Businesses ITC Ltd., Secunderabad. Mr. S.Sivakumar Group Head – Agri & IT Businesses ITC Ltd., Secunderabad in his address on “Creating Cross Sector Partnerships for a Sustainable CSR” highlighted that the partnership becomes meaningful when its accomplishment, as a whole is greater than the sum of achievements of its parts! He remarked that, the word “part” is an integral part of a “partnership”. He elaborated on the structure of our society five thousand years ago and what it has achieved in terms of wealth, welfare and well being. He briefed on the role of stakeholders for a more balanced achievement of wealth, welfare and well being. Dr. Mukund Rajan, Chief Ethics Officer & Chairman, Tata Global Sustainability Council, Tata Sons Ltd., Mumbai in his Chief Guest address on Corporate Responsibility and the Challenges of Sustainability shared his experiences in Tata Group, to demonstrate that Corporate can play a leading role alongside Government and other Stakeholders in driving the much needed changes in Society. He briefed on a few projects of TATA Group and the measures taken up to reduce social inequalities and addressed on the challenges faced while making a change possible.

Ms. Rajashree Natarajan, Co Chairperson, CSR Committee, MCCI and COO, Cognizant Foundation summing up the discussions held in the Round Table discussions.

Mr. S. Sivakumar, Group Head – Agri and IT Businesses, ITC Ltd launching the MCCI CSR Awards 2018

Dr. Vidya Durai, Member of the CSR Committee & Director, BNY Mellon Technology Pvt Ltd. formally proposed the vote of thanks and made a special mention about the Sponsors who contributed to the conference. The Conference was attended by 100+ participants and the feedback received was excellent.

Dr. Mukund Rajan, Chief Ethics Ofﬁcer & Chairman, Tata Global Sustainability Council, Tata Sons Ltd. Mumbai addressing the participants

ANNUAL REPORT 2017-18

SOWING THE SEEDS 30th May 2017 Mediation Awareness program Under the auspices of Legal Affairs committee, the Madras Chamber organized a discussion meeting on Mediation on 30th May 2017. Mr.R.Vijayakrishnan, Ms.Chitra Narayan and Mr. A J Jawad, representing Foundation for Comprehensive Dispute Resolution (FCDR) participated and interacted with the members. There was a good interaction session with the FCDR officials who shared their experiences.

Ms Chitra Narayan, Advocate & Mediator interacting with participants

31st May – 2nd June 2017 She leads Leadership program With the objective of identifying and grooming young women leaders, the Chamber in partnership with the British Deputy High Commission of India, Chennai and Women of Worth (WOW) launched the She Leads Project. Starting with a nation-wide social media campaign, and a rigorous 3 tier process, 10 winners were selected from different educational institutions. They were awarded the She Leads title in a grand event at Chennai followed with a networking dinner with Her Excellency, Lt. Governor of Puduchery, Dr. Kiran Bedi IPS (Retd). As part of the award, the winners were provided intensive residential

The participants with the faculty of GLIM and representatives from MCCI and BDHC

leadership training by the Chamber and the Great Lakes Institute of Management (GLIM) at the Great Lakes Institute campus. The topics covered in the 3 day training program included emotional intelligence, development economics and topics to hone leadership skills. The classes were conducted by eminent professors of GLIM and the winners were provided a certificate by the partners. There was a positive feedback from the winners who had a unique experience of learning skills that would help them to become future leaders.

11th October 2017 One day Training Program on Communication Skills The Chamber, as part of its regular Trainings, organized a Training on “Communication Skills ”. Ms. Vasanthi Ranganathan was the trainer. 24 participants took active part in the training program and the feedback was excellent. Ms. Vasanthi Ranganathan, Trainer interacting with the participants at the Training program on Communication skills

22nd November 2017

20th December 2017

One day Training Program on Team Building

One day Training Program on Guts Leadership

The Chamber, as part of its regular Trainings, organized a Training on “Team Building”. Ms. Vasanthi Ranganathan was the trainer. 26 participants took active part in the training program and the feedback was positive.

The Chamber, as part of its regular Trainings, organized Training on “Guts Leadership”.

40 |

ANNUAL REPORT 2017-18

Ms. Vasanthi Ranganathan was the trainer. 12 participants took active part in the training program and the feedback was excellent.

24th March 2018 Symposium of Women, by Women, for Women Believe, Empower & Inspire The Chamber organized a unique Symposium to commemorate the Women’s Day celebrated on March 8th at Hotel Westin, Chennai on 24th March 2018 This unique symposium was designed as part of the 2018 International Women’s Day to celebrate the role of women. It was an all Women’s Program where the hosts, guests and speakers were women. The theme of the Symposium was Believe, Empower & Inspire. The objective of this program was to make women believe that be it cultural, social or economic aspects, women inspire and bring change around the world. Ms. Gayathri Sriram, Vice President of the Chamber formally welcomed the Chief Guest, Speakers and the participants. Hon’ble Justice Ms. Pushpa Satyanarayana, Judge, Madras High Court was the Chief Guest . In her address she elaborated on the laws that are present to protect women and the SHE Concept where S is for women’s’ security, H is Human rights and E is empowerment. She concluded her address stating “A Leader takes you Hon’ble Ms. Justice Pushpa Sathyanarayana, where you want to be, but a women leader takes you to where you ought to be”. Judge, Madras High Court, Chennai In the Panel discussion moderated by Ms. Madhri Gurusamy, Advocate on the topic “All We need to Know - Legal, Physical and Emotional Wellness”, Ms. Saras Bhaskar, Counselling Psychologist & Coach, Bloom Health Care addressed on the Pshychological wellness on the topic “work life balance”.Ms. Narmada Sampath, Additional Advocate General, Madras High Court, in her address on legal aspects, emphasised on the laws that are relevant for women.

delivering the Chief Guest address

Dr. Priya Kannan, Director & Embryologist, GFC Fertility, Chennai spoke about the Health issues for women. In the second panel discussion on “Breaking the Glass Ceiling” moderated by Ms Bhavani Balasubramanian, Partner, Deloitte Haskins & Sells, Ms. Shobana Ravi, Chief -IT, Innovation & Learning Officer, TAFE addressed on how women should make their choice and be happy with the decision made.

Ms Saras Bhaskar, Counselling Psychologist & Coach, Bloom Health Care addressing the participants in the Panel discussion on “All We need to Know Legal, Physical and Emotional Wellness”. Others (L to R) :- Dr Priya Kannan, Director & Embryologist, GFC Fertility, Chennai, Ms. Narmadha Sampath, Additional Advocate General, Madras High Court & Ms.Madhri Gurusamy, Advocate, Moderator of the session

Dr. Saundarya Rajesh, MD, Avtar Group addressed about Flexi Careers for women and the choices that women have to make consciously if they would like to balance work and life. Dr Thangam Meghanathan, Director, Rajalakshmi College of Engineering spoke on women climbing the ladder of success in the field of education. Ms. K.Saraswathi, Secretary General, MCCI proposed the vote of thanks. More than 90 women participated in the program and gave an excellent feedback.

Dr.Thangam Meghanathan, Director, Rajalakshmi College of Engineering addressing in the session on “Breaking the Glass Ceiling”. Others (L to R) :- Ms Shobana Ravi, Chief – IT, Innovation & Learning Ofﬁcer, TAFE, Dr Saundarya Rajesh, Founder President, Avtar Group & Ms Bhavani Balasubramanian, Partner, Deloitte Haskins & Sells, Moderator for the session.

ANNUAL REPORT 2017-18

DOING THE HONORS 3rd April 2017 Interactive meeting with Estonia Ambassador The Chamber organized an interactive meeting with the Estonian Ambassador H.E.Mr.Riho Kruvv during his first visit to Chennai at the conference room of the Chamber. The discussion centered around industries in Estonia and the possibilities of trade relations between India and Estonia.

H.E. Mr. Riho Kruvv, Ambassador, Estonia with a few of GC members in the interactive meeting

24th June 2017 Interactive meeting with Hon’ble Union Railways Minister, Mr.Suresh Prabhu The Chamber under the auspices of the Logistics Committee organized a brief interactive session with Hon’ble Mr.Suresh Prabhu, Union Railways Minister, GoI during his visit to Chennai at Hotel Crowne Plaza, Chennai. Mr. Ram Venkataramani welcomed the Union Minister and Mr. Udayabhaskar Reddy, Chairman, Logistics Committee raised the issues consolidated by the Chamber to the Minister. Mr. Suresh Prabhu requested the Chamber to get in touch with the GM- South, Railways and Members of the Chamber interacting with the Hon’ble Minister Mr. Suresh Prabhu stated that the issues which were highlighted would be looked into by the GM who has been delegated with powers to take necessary action. The Minister briefed on the Public Private Partnership which the Railways plan to introduce to redevelop the railway stations. He urged the representatives from the Chamber to organize a road show along with Railways to provide the necessary inputs for the strategic report of the railways for 2030. With regard to policy issues, the Minister welcomed the inputs and suggestions. The meeting was attended by key members from the General Committee and Logistics Committee. Hon’ble Minister Mr. Suresh Prabhu addressing the members

42 |

ANNUAL REPORT 2017-18

18th July 2017 Meeting with Mr. Seewraj Nundlall, Head of the Board of Investment of Mauritius, Investment and trade Counselor of Mauritius High Commission, New Delhi The Chamber had an interactive meeting with Mr. Seewarj Nundlall, Head of the Board of Investment of Mauritius, Investment and Trade Counselor of Mauritius High Commission, New Delhi, during his visit to Chennai. Mr. Ramakrishnan, Spark Capital and Mr. Sairam from ICRA Management Consulting joined the discussion along with Ms. K. Saraswathi. Mr. Seewraj Nundlall

Mr. Seewraj Nundlall, Head of the Board of Investment of Mauritius, Investment and trade Counselor of Mauritius High Commission, New Delhi interacting with a few GC Members

briefed about the trade opportunities in Mauritius and welcomed the Chamber members to visit Mauritius.

30th January 2018 Interaction meeting with Visiting Delegation from Armagh City, Banbridge and Craigavon Borough Council (ABC) The Chamber organized an interaction meeting with the visiting Delegation from Armagh City, Banbridge and Craigavon Borough Council (ABC) led by the Dy. Lord Mayor Councilor Mr. Sam Nicholson from Northern Ireland, at Hotel GRT Grand, Chennai. Armagh City, Banbridge and Craigavon Borough Council is a progressive local authority, which advises new companies on business growth opportunities. They are key influencers who connect potential investors to new strategic partners in Northern Ireland and throughout the world. A presentation was

Interaction meeting with Visiting Delegation from Armagh City, Banbridge and Craigavon Borough Council (ABC)

made about the advantages of doing business in Northern Ireland and they interacted with a few Industry members from the Chamber.

12th February 2018 Interactive meeting with H.E. Mr. Panos Kalogeropoulos, Ambassador, Embassy of Greece, New Delhi The Chamber hosted H.E. Mr. Panos Kalogeropoulos, Ambassador, Embassy of Greece, New Delhi and Mr.Vassilios Skronias, Minister Plenipotentiary for Economic and Commercial Affairs, Embassy of Greece, New Delhi at the Chamber during their visit to Chennai. A few of the GC Members had an interactive meeting wherein discussions were held to promote trade between the two countries.

Interactive meeting with H.E. Mr. Panos Kalogeropoulos, Ambassador, Embassy of Greece, New Delhi

ANNUAL REPORT 2017-18

TOGETHER WE GROW 20th April 2017 Session on “Reliable Remote Data Connectivity Services through VSATs “ with NELCO The Chamber jointly with NELCO, a Tata enterprise, organized a Session on Reliable Remote Data Connectivity Services through VSATS at Hotel Accord Metropolitan, Chennai. The objective of this session was to bring awareness on the importance of information on which number of business decisions are dependent. With the Nation going digital, staying connected increases the ease of doing business. Mr. Kaushik Mandal, Vice President, Head –Sales & Marketing of NELCO, made a detailed presentation on their VSAT service. He explained in detail about the different plans offered based on the requirements of the Industry. The program was attended by 50 participants.

Mr. Kaushik Mandal, VP, & Head – Sales & Marketing, NELCO making a presentation

26th May 2017 Hindu-Business Line & MCCI- GST – SME Conclave The Chamber with Hindu Business Line jointly organized a Discussion on GST to help SMEs in the change over process, wherein SMEs could understand the concepts of GST and find the best way to manage the changeover. Mr. K .Vaitheeswaran, Advocate, Member of the General Committee of the Chamber explained the nuances of the GST regulations. Mr. G. Ravindranath, Commissioner, Service Tax, Chennai Zone, requested the participants to welcome GST with a positive approach and discussed the issues that smaller enterprises will face in the transition including on boarding, filing returns and e-way bills.

Mr. K.Vaitheeswaran, Member, MCCI General Committee & Advocate and Tax Consultant interacting with the participants during the panel discussion.

Mr. M. Palaniappan, Advisor, Lakshmi Vilas Bank assured that banks would support the customers to meet the working capital needs. Mr. Raghavan Srinivasan, Editor, Business Line stated that though there were challenges in terms of multiple compliance steps and infrastructure for industries, the GST will unleash the huge potential of the Indian Economy. The meeting was attended by 200 participants.

INSPIRE TO INNOVATE 8th July 2017 Visit to Mando Automotive Ltd., Sriperumbudur The Chamber under the auspices of the Expert Committee on Manufacturing arranged an exposure visit to Mando Automotive Ltd on 8th July 2017. The aim was to have a firsthand knowledge of the good practices followed in m a n u fac t u r i n g l i n e a n d o t h e r techniques used in production.

44 |

ANNUAL REPORT 2017-18

Mr. S.Sarathi, Chairman, Manufacturing Committee & Deputy Managing Director, Mando Automotive Ltd., making a presentation about Mando and its operation

A presentation was made about Mando Automotive by the officials. After the presentation, there was a guided tour of the Plant 2 facilities in Sriperumbudur followed by an interaction session with the participants. The lunch for 22 participants was hosted by Mando.

Delegates who visited Mando

8th September 2017 Visit to Mahindra World City & NCR Corporation The Chamber under the auspices of the Expert Committee on Logistics arranged an exposure visit to Mahindra World City and NCR Corporation. This visit was arranged to gain firsthand information of the good practices and emerging technologies. A presentation was made about Mahindra World City(MWC) by their officials. After the presentation, there was a guided tour of the MWC followed by a visit to NCR Corporation. The 14 participants from various member companies gave a positive feedback.

MCCI Members with the ofďŹ cials from Mahindra World City

19th January 2018 Visit to Sri City The Chamber organized an Exposure Visit to Sri City, South Indiaâ&#x20AC;&#x2122;s Largest DTZ-SEZFTWZ destination, located on the border of Andhra Pradesh and Tamil Nadu. The objective of the visit was to have firsthand experience and understand the state of the art logistics, infrastructure and modern facilities at Sri City. The 20 member delegation was extended a warm welcome by Mr. Ravindra Sanna Reddy, MD of Sri City and his team. A presentation about the facilities present in Sri City was

Mr.Ravindra Sannareddy, MD,Sri City P. Ltd., making a presentation about Sri City to the MCCI Delegate

made to the participants. The Delegation had an opportunity to visit the Control Component India Factory and Danieli, an Italian based Company.

ANNUAL REPORT 2017-18

8th February 2018 Visit to Madras Atomic Power Station (MAPS) Nuclear Power Plant, Kalpakkam and Visit to Nemelli Desalination Plant. The Chamber under the auspices of the Energy Committee arranged an exposure visit to Madras Atomic Power Station (MAPS) Nuclear Power Plant, Kalpakkam. Mr. R.Sathyanarayana, Director, MAPS, welcomed the participants , followed by a presentation by Mr. S.Ravishankar, Senior Technical Audit Engineer, MAPS. He made a detailed presentation about MAPS , its functioning and answered the queries by the participants. This was followed by a guided tour of some of the facilities.

MCCI members with the ofﬁcials of MAPS

The participants then visited the Nemmeli Desalination Plant maintained by VA Tech Wabag Ltd. This plant is promoted by CMWSSB & maintained by VA Tech Wabag Ltd. The representatives from VA Tech Wabag Ltd. and CMWSSB made a presentation and took the team to visit the facilities. The 20+ participants were extremely satisfied with both the visits and gave a positive feedback.

OTHER MEETINGS 1st February 2018 Budget Telecast The Union Budget presentation by Finance Minister Mr. Arun Jaitley was viewed in the Conference room of the Chamber with a few select members of the GC and Expert Committees. The consolidated views were given as a press release thereafter.

17th April 2017 Launching of MCCI-PARFI Skill Development & Training The Chamber has been active in skill development through its Vocational Training and Skill Development Centre set up during its 175th year. The Chamber has rolled out a few programs to improve the skill and employability of the TN youth. PanIIT Alumni Reach For India Foundation (PARFI)operates a chain of rural skill gurukuls to train and place underprivileged candidates, typically school dropouts, through a novel and innovative model. MCCI and PARFI joined hands to set up Joint Training facilities with the objective to train the unskilled youth and upskill the semiskilled work force in order to bridge the skill deficits, promote employability and enhance the availability of well trained and competent human resources at entry level to industries in Tamil Nadu

46 |

ANNUAL REPORT 2017-18

MOU being signed by Mr. Ram Venkataramani, President, MCCI and Mr. Kalyan Chakravarthi, Founding Sevak & Executive Director, PAN IIT Alumini India

The launching ceremony of “Skill Development & Training” jointly promoted by the Madras Chamber of Commerce & Industry & Pan IIT Alumni Reach for India (PARFI) was held on 17th April 2017 at the Chamber’s premises. The Chamber entered into a MOU with PARFI with Mr. Ram Venkataramani and Mr Kalyan Chakravarthy, Founding Sevak & Executive Director, PanIIT Alumni Reach for India Foundation signing the MOU on behalf of the Chamber and PARFI, respectively to take this initiative forward by leveraging the strengths of both the organisations.

FOOD FOR THOUGHT MCCI’s Food for Thought program takes up larger issues of a 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.

19th August 2017 Talk on Down Memory Lane – Madras and Madras Chamber To commemorate the Madras week, the Chamber organized a Talk, on the growth of Madras and Madras Chamber, by Mr. V.Sriram, Historian and Author of the Championing Enterprise. Ms. Gayathri Sriram, Vice President gave a formal welcome address capturing the latest developments in Chennai. Mr.T. T. Srinivasaraghavan, MD, Sundaram Finance Ltd., and the man behind the book “Championing Enterprise” which was released in the 175th year of the Chamber celebrations, recapped the efforts taken by the author and the Chamber in bringing the book.

Mr. T.T.Srinivasaraghavan, MD, Sundaram Finance Ltd. introducing the theme and speaker to the audience.

Mr.Sriram in his inimitable style narrated the growth of Madras and the Chamber. Mr. Sriram started his talk by stating that it had been one of the most enjoyable experiences of writing the Championing Enterprise. He appreciated the documents that have been preserved by way of minutes, photos etc. by the Chamber which helped him immensely to complete the book on time. He traced the formation of the Chamber with 18 men in attendance in a meeting on 29th September 1836. He elaborated about the Indians entry in to business, the amalgamations group and their growth, Murugappa Group’s growth and their entry into the manufacturing sector, the Rane, the TVS group and others who become members of the Chamber and how they transformed the functions of the Chamber. He commended the Chamber for its role in the development of Infrastructure and for spreading its wings in other areas as well. He wished the Chamber to achieve more milestones.

Mr. V.Sriram addressing the audience

A section of the audience

ANNUAL REPORT 2017-18

SUSTAINABLE CHENNAI FORUM 6th April 2017 Roundtable on Exploring Effective CSR Initiatives in Water and Sanitation jointly with Samhita & Arghyam The Chamber jointly with Samhita and Arghyam, organised a round table on Exploring Effective CSR Initiatives in Water and Sanitation, in the conference room of the Chamber. Ms. K.Saraswathi, Secretary General, MCCI opened the discussion providing an overview of the broad gaps in sanitation interventions in corporate efforts. Ms. Jayamala Subramanian, CEO Arghyam gave an introduction of Arghyam’s approach to water and sanitation projects and their interest to help corporate have an effective CSR agenda, aligned with the interest of the company.

Ms. K.Saraswathi addressing the participants

Mr. Anil Misquith, Executive Director of Samhita, presented five sanitation models in detail. He highlighted the key challenges faced in each location and how Arghyam and Partner Organisations addressed them using a customized and holistic approach. A few participants shared their experiences in the area of water and sanitation during the interaction session

17th April 2017 Steering Committee Meeting of the Chennai Urban Observatory Following the Sustainable Chennai Forum Seminar held in 2014 on ‘Inclusive Urban prosperity’, the Chamber celebrated the 5th Anniversary of the Sustainable Chennai Forum in November 2016. A city level workshop on Chennai Urban Observatory was held under the UK India Joint Network of Sustainable Cities by the University of Nottingham along with National Institute of Urban Affairs. A Steering Committee with the members of a high level panel and few other experts was formed with the aim to develop the vision, objectives and goals, define the scope of forming a Chennai Urban observatory, guide on financial planning, and connect with the right partners etc. The Steering Committee had its first meeting in Chennai. Mr. Ajith Kaliyath representing NIUA, briefed the Committee on the concept of Urban Observatory, services, potential activities and the key indicators for setting up the observatory.

48 |

ANNUAL REPORT 2017-18

Steering Committee Members interacting with Prof.Jagan Shah, Director, NIUA through Skype. (l to r : Ms.K.Saraswathi, Secretary General, MCCI ; Mr.T.Shivaraman, Past President, MCCI & MD & CEO, Shriram EPC Ltd, Mr.Sivashanmugamm, Member & Chief Planner, CMDA ; Prof. Ravindra Gettu, Associate Dean IC & SR, IITM ; Dr.Rajivan Krishnaswamy, IAS ( R ) & Dr.Ajit Kaliyath, Indian Principal Investigator, UK-India Joint Network on Sustainable Cities representing NIUA.

Prof. Jagan Shah, Director, National Institute of Urban Affairs joined the meeting in skype. Mr. T. Shivaraman, MD, Shriram EPC Ltd.,Mr. Rajivan Krishnasamy, IAS Retd. Mr. Shivashanmugam, CMDA and Prof. Ravindra Gettu, Associate Dean IC & SR representing Prof. Bhaskar Ramamurthy, Director, IIT along with Ms.Saraswathi attended the meeting. Based on the discussions, it was agreed that the Chamber and NIUA will work out the requirements from the Government as the concept would sell, only if the data was collected and stored properly. Further the modus operandi and the operational plan would be discussed stage wise with the estimated cost for taking it forward.

27th April 2017 Awareness Session on Energy Efficient Buildings and Sustainable BMS for Building Owners and Managers The Chamber jointly with Asia Society for Social Improvement and Sustainable Transformation (ASSIST) organized an Awareness Session on Energy Efficient B uildings and Sustainable B uilding Management Systems for Building Owners and Managers at e-hotel, Chennai. The purpose of this session was to increase awareness among building owners and managers on the importance of energy efficiency in buildings and to educate them on sustainable building management system.

Mr.S.Sankaranarayanan, Deputy Secretary, MCCI welcoming the speakers and the audience. Members in the dais are (L to R) Mr.J.Nagesh Kumar, Consultant in Energy Management and Environmental Protection & Mr.Johan Cheng, Sales & Technical Support – Asia Paciﬁc Countries, Regin

Mr. J. Nagesh Kumar, Director, CEEP made a detailed presentation on the various energy efficient practices. Mr. Johan Cheng, Area Manager, Regin Controls Asia Pacific Pvt. Ltd addressed the audience about the available technologies for energy efficient practices. The program was attended by 41 participants.

15th June 2017 Green Freight Project Stake Holders Meet by MCCI & IIT M The Chamber in partnership with the Center of Excellence in Urban Transport, at Indian Institute of Technology, Madras, organized a meeting on “Sustainable Urban Freight in Chennai” at GRT Grand, Chennai. Mr. J. Krishnan(organization/designation) gave an introduction of the importance of Urban freight and welcomed the participants. Mr. Ravi Gadepalli from Shakthi Sustainable Energ y Foundation introduced their organization and explained about their involvement in sustainable green freight. Dr. Gitakrishnan Ramadurai, Assistant Professor,Department of Civil Engineering, Indian Institute of Technology Madras briefed the audience on the experience and findings from the from the research conducted by IIT M in the project titled “To develop a comprehensive freight-planning

26th January 2018 Conference on Towards Self-Sufficiency of Water in Tamil Nadu–Reviving and Rejuvenating Water Bodies The Chamber in association with Art of Living organized a Conference on–Towards

Mr.J.Krishnan, Member, MCCI General Committee introducing the project. Others in the picture (L to R) Mr.Ravi Gadepalli, Shakti Foundation & Dr.Gita Krishnan, Assistant Professor , Dept. of Civil Engineering, IITM

framework for Chennai” sponsored by Shakthi Sustainable Energy Foundation, Delhi. His team members presented the project in detail. This was a forum to bring together all stakeholders including government, industry, and academia and serve as a platform to brainstorm and discuss various solutions to positively impact city logistics towards reducing congestion and emissions. The 25 participants included consultants on Infrastructure, senior representatives from CMDA, Corporation and Railways. The ideas and deliberations paved way for shaping the scope and objectives of the next phase of this project. Self-Sufficiency of Water in Tamil Nadu–Reviving and Rejuvenating Water Bodies at the University Centenary Auditorium, Chepauk, Chennai. The objective of the Conference was to create awareness and showcase the technical processes adopted across the country in the successful River Rejuvenation program being ANNUAL REPORT 2017-18

implemented by the TN Government & Art of Living Foundation(AOL). Also, to seek local Industries, citizen groups and leading NGOs to participate in the River Rejuvenation program. The seminar included prominent speakers / panellists–Mr S.A. Raman, Collector of Vellore; Dr Satyagopal, Principal Secretary; Dr Lingaraju Yale, National Director, River Rejuvenation Projects. The discussion was mediated by Mr. N.K. Ranganath, Managing Director, Grundfos Pumps India Ltd., who also moderated the Panel Discussion. In the Panel Discussion, Mr S. Varadarajan, CFO & Executive Director, Va Tech Wabag; Ms. Sheela Sri Prakash, Architect; and Mr. Ravindra Sana Reddy, MD,

8th - 10th February 2018 Water Today’s Water Expo – 12 h Edition t

Water Today Pvt. Ltd. organized the 12th edition of Water Expo at Chennai Trade Centre, Chennai for 3 days from 8 th -10th February 2018. The Chamber, one of the supporting organizations in the earlier

Mr. N.K.Ranganath, MD, Grundfos Pumps India Ltd., moderating the Panel Discussion.

Sri City shared their valuable inputs on the above subject, citing examples of what their organisations have done to make their cities water self sufficient. The program was attended by 200+ participants. editions of the Water Expo in Chennai, extended its support for this edition as part of its Sustainable Chennai Forum (SCF) activities. A stall was allotted to showcase the Chamber’s activities of the SCF and this provided a platform to create awareness about the activities of SCF to the participants of this water expo. The Chamber also had the opportunity to interact with other exhibitors who are active in water management, so as to enhance the network of SCF.

15th February 2018 Discussion on Circular Economy The Chamber jointly with Ekonnect organised a round table discussion on Circular Economy on 15 th February 2018 at the Chamber’s premises. The subject of Circular Economy (CE) has evolved today as an effective strategy towards economic development and sustainability. Internationally, CE has been practiced in several countries notably in EU, Japan, Korea, South Australia and even legislated in countries such as China. In 2015, the Ministry of Environment & Forests & Climate Change (MoEFCC) established Indian Resource Panel (InRP). Based on the situation analysis and opportunities identified by the InRP, the NITI Ayog has started focusing on Resource Efficiency and Secondary Material Recycling that are the foundations of CE. Recently, a vibrant international network of CE professionals has been established as Circular

50 |

ANNUAL REPORT 2017-18

Dr. Prasad Modak, Director, Eknonnect Knowledge Foundation and Ms. K.Saraswathi, Secretary General, MCCI with the Panellists and participants

Economy Club (CEC) (https://www.circulareconomyclub. com/). In order to promote CE on a global basis, Circular Economy Club coordinated a Mapping Week (7th -12th February 2018) across 60+ cities in the world. Ekonnect, an active partner with CEC conducted roundtables on CE in Ahmedabad and Pune around the Mapping week and jointly organized the above roundtable in Chennai with Chamber. The roundtable provided an opportunity to introduce the concept of Circular Economy, its benefits, challenges and the capacity development needs – especially on the leadership

that needs to be built in cities, business houses, financing institutions, planners and regulators, research & academia and NGOs.

ITC Grand Chola shared their experiences, challenges and outcomes of circular economy projects implemented in Chennai

Session I: Dr. Prasad Modak, Director, Ekonnect Knowledge Foundation briefed the participants on the concept and evolution of Circular Economy

Session III: The participants engaged in an open forum discussion on the challenges towards implementation of Circular Economy and need for capacity building. Participants were individually asked to pen down examples of Circular Economy and thoughts on how it can be implemented within the city.

Session II: Three eminent Circular Economy practitioners – Mr. Ashok Natrajan CEO, Tamil Nadu Water Investment Company Ltd, Mr .Prajeeth Sitherasenan Growth Manager (Waste Management) Kabadiwalla Connect and Mr. N Ramamoorthy, Chief Engineer,

20 participants took part in the round table discussion. Inputs from the roundtable would help prepare a national strategy on capacity building and propose an enabling framework to mainstream Circular Economy.

22nd March 2018 Water Conclave The Chamber jointly with The New Indian Express organized a Water Conclave on 22nd March 2018 at Hotel Radisson Blue, Chennai. Finding solutions was one of the core aspects of this Water Conclave. The Prince of Arcot, Nawab, Mohammed Abdul Ali inaugurated the Conclave In the first Session on Water: Redefining Economic Growth of 21st Century moderated by Ms. K.Saraswathi, Secretary General, MCCI, Mr M Shanmugam IAS , Special Secretary – Industries stated that active measures are being taken by Government to address the water issues.

Ms.K.Saraswathi moderating the session on Water: Redeﬁning Economic Growth of 21st Century in the water conclave.

•

Mr. Sanjeev Sharma, Head Mktg. IDE Technologies

•

Mr. Sekar Sadagopan, Head IT Golden Ray Analytics (spearheads Namma Ooru Namma Kulam)

The other speakers in the session were

In the third session, on Climate change, River restoration and Interlinking of rivers: Case studies and Challenges the following Panelists addressed the participants.

•

Dr. Jaishankar Pandey Sr. Scientist, CSIRNational Environmental Engineering Research Institute (NEERI)

•

Mr R Azhagesan Director, Central Water Commission, Coimbatore

•

Dr Indumathi M Nambi, Associate Professor, Environmental and Water Resources Engineering Division, IIT Madras

Mr. K. Phanindra Reddy IAS., Secretary Handicraft and Textile–He emphasized the need for improving water efficiency in agriculture and Industry while highlighting the role of watch dog organizations which are necessary to shadow the developments and degradations and galvanise action for restoration.

•

Dr. P.K.Thampi–water conservation expert, recipient of national award from Ministry of Water Resources

•

Mr. AV Nathan, Krishna Water Board, Chairman (Ex)

•

Mr. Murug Subramanian, PWD Chief Engineer (Chennai Region), Water Resources Department

In the Second Session, on the topic of Smart Cities: Challenges to quench the thirst with Smart solutions the panelists were •

Mr. Raj Cherubal, CEO Chennai Smart City Ltd.

•

Mr. Chitty Babu, Chairman & CEO Akshaya Homes

The Music Anthem on Water was launched during this event. The Conclave stressed on creative solutions to address the water woes. The sessions were lively and interesting with questions raised over the current situation regarding water conservation and constructive ways to improve self reliance. ANNUAL REPORT 2017-18

EXPERT COMMITTEE PROGRAMS

Expert Committees for the year 2017-18 Name of the Committee Banking, Finance & Insurance

Company Law/Corporate Matters

Corporate Social Responsibility (CSR) Direct Taxes

Economic Affairs

Education & Skill

Energy including Renewable Energy

E n v i r o n m e n t , Wa t e r Conservation, Pollution Prevention & Control GST

HR & IR

Industrial Development / Infrastructure IT/ITES

Legal Affairs

Logistics

Manufacturing

52 |

Chairmen Mr.V.Sriram Chief Operating Officer ICRA Management Consulting Services Ltd. Mr. P. Viswanathan Secretary & compliance Officer, Sundaram Finance Ltd. Mr.V.M.Rajasekharan CEO ITC Ltd. Mr. Sriram Seshadri Partner – Tax & Regulatory Services Price Waterhouse & Co.LLP Mr.Rajan Ekambaram Partner Ernst & Young LLP Dr.Vaidy Jayaraman Associate Dean – Academic Affairs Great Lakes Institute of Management Mr. S. Venkatachalam Managing Director Orient Green Power Co.Ltd. Mr Dananjaya GM – Environment TVS Motor Co.Ltd. Mr. K. Vaitheeswaran Advocate &Tax Consultant K.Vaitheeswaran & Co., Mr. Anand Gopalan Partner TS Gopalan & Co., Mr.R.Sriram Executive Director Shriram EPC Ltd. Mr. J. Raghunathan Founder – Director Knowledge Capital Investment Group Mr.K.Jaganathan Head – Legal Services Larsen & Toubro Ltd. Mr. U. Udayabhaskar Reddy Wholetime Director Sanco Trans Ltd. Mr.S.Sarathi President – Internal Audit Anand Automotive Ltd.

ANNUAL REPORT 2017-18

Co-Chairman

Mr.V.V.Naresh Vice President – Company Secretary & Compliance Officer Intellect Design Arena Limited Ms.Rajashree Natarajan Chief Operating Officer Cognizant Foundation Mr.Rajagopal Sastry Chief Financial Officer WABCO India Ltd. Mr Arjun G Nagarajan Senior Economist Sundaram Asset Management Co.Ltd. Mr.A.Rajamanickam General Manager – HR I P Rings Ltd. Mr.P.B.Varadarajan President Renewable Energy Harvesting Environment Network Association (REHENA) Mr.G.Sankarasubramanian Senior Vice President – Operations Chemplast Sanmar Limited Mr. K. K. Sekar Head -Indirect Taxes Ashok Leyland Ltd. Mr.R.Govardhanan Deputy General Manager – HR Rane Brake Linings

Mr.L.Ashok Managing Director Futurenet Technologies India Pvt.Ltd.

Mr.Pankaj Gadhia CEO Lee & Muirhead Pvt.Ltd. Mr.Anurag Lodha Chief Operating Officer Kaleesuwari Refinery Private Ltd.

EXPERT COMMITTEES The following programs have been held under the auspices of various Expert Committees.

13th May 2017

COMPANY LAW

Discussion on Banking Regulation Ordinance Under the auspices of MCCIâ&#x20AC;&#x2122;s Banking, Finance & Insurance expert committee, discussions on Banking Regulation Ordinance was organized. Mr. V. Sriram, Chairman of the Banking Committee and Mr. M R Venkatesh, Partner, GSV Associates initiated the discussion. Mr.G.Ravindra Kumar from Lakshmi Vilas Bank also took part in the deliberations. The discussion centered around several measures taken by the Central Government and RBI to deal with the increasing number of stressed assets in the country.

Mr. M.R. Venkatesh, Director, GSV Associates & Columnist and Mr. V.Sriram, COO iMACS interacting with the participants

3rd March 2018 Exclusive Q and A Session on Companies Act 2013 Under the auspices of the Company Law Committee of the Chamber, a half-a-day session on Companies Act 2013 was organized by the Chamber at E Hotel, Chennai. The objective of the Session was to understand the various provisions on all Chapters of the Companies Act 2013 and the session was scheduled as an Open House Discussion with the participants by the Panel Members. Dr. B.Ravi, Practicing Company Secretary & MD, B Ravi & Associates, Ms. B. Chandra, practicing Company Secretary and Mr. V. Swaminathan, Company Secretary and Head, HR, Sundaram BNP Paribas Home Finance Ltd. were the experts who clarified the queries.

Dr.B.Ravi, Practicing Company Secretary & Managing Partner, B Ravi & Associates addressing the participants. Others on the dais (l to r : Mr.V.Swaminathan, Company Secretary & Head HR, Sundaram BNP Paribas Home Finance Ltd., Mr.P.Viswanathan, Chairman, MCCI Company Law/ Corporate Matters Committee ; Ms.B.Chandra, Practicing Company Secretary & Mr.V.V.Naresh. Co-Chairman, MCCI Company Law/Corporate Matters Committee

Mr. B.R avi prepared a questionnaire having more than 50 questions and made a presentation of the same with answers to enable the participants to understand the various amendments and provisions of the Company Law. 35 participants who attended the discussion gave their positive feedback about the program.

A section ot the audience.

ANNUAL REPORT 2017-18

CORPORATE SOCIAL RESPONSIBILITY

November/December 2017 MCCI Certiﬁcate course on Corporate Social Responsibility (CSR) The Chamber organized the Second batch of Certificate Course on CSR under the auspices of MCCI CSR Committee during November & December 2017 Corporate Responsibility has become an extremely important factor influencing the development of companies, their profits and brand image. This program was designed to help the executives examine their current CSR programs, to innovate and develop an overarching CSR Strategy that reflects the unique requirements and goals of the Company. The 2 nd batch had NGOs participate as delegates along with the corporate executives. The combination of industry & NGOs participation to the course was to extend the benefit & opportunity to understand the CSR projects, methods of evaluating the projects, understand the financial implications, regulatory issues, reporting details etc and to facilitate cross learning. The Course had the topics such as Evolution of Philanthropy, CSR Concepts, CSR Strategy, Planning activities, CSR Regulatory AspectsCompany Law/Taxation/Legal aspects followed by a field visit. The sessions were handled by Experts in the Committee, namely, Dr. Vidya Durai, Director, Inautix Technologies India Ltd. Prof. Sridhar Narayanan, Adjunct Professor – Finance, Great Lakes Institute of Management , Ms. Rajashree Natarajan, CEO, Cognizant Foundation, Mr.B.Shanmugasundaram, AGM – Secretarial Sundaram Fasteners Ltd and Mr.M.Kandasami, Kandasami & Associates, Chartered Accountants The 16 participants who took part from Industry and NGOs were divided into groups and given projects in the field of Education, Health, L iveliho o d and Communi t y Development and Environment to work and present on the final day of the CSR Course.

54 |

ANNUAL REPORT 2017-18

Prof. Sridhar Narayanan, GLIM and Dr. Vidya Durai, BNY Mellon Technologies Pvt. Ltd interacting with the participants during the sessions

The participants of the CSR course with the MCCI Team

The highlight of this course was the interaction with experts from the above mentioned fields. Experts such as Ms. Damayanthi Bowmik, SNS Foundation, Ms. N. Shanthi, Managing Trustee, Rajalakshmi Srinivasan Memorial Foundation, Ms. B. Mangalam, Managing Trustee, Exnora International, Dr.S.V. Murugan, Director National Agro Foundation Mr. Prithvi Raj, Specialist TN & AP – CSR, Apollo Tyres Foundation from the field of Education and Environment shared their experiences. Mr.Santhanam, Dhan Foundation, Ms Vinodhini Sudhindran, President, Association for Non Traditional Employment for Women (ANEW), Dr Ramya Ananthakrishnan, Executive Director, Resource Group for Education and Advocacy for Community Health (REACH), Dr. R.Swaminathan , Cancer Institute WIA shared their experiences and provided valuable inputs to the participants. On 16th December, the participants presented their project findings to the panel of experts. The Chief Guest for the Valedictory Function was Mr. John Alex, Group Head – Social Initiatives, Equitas Group. He addressed the participants and distributed the Certificates. This was followed by a field visit to Kapaleeswarar Temple to gain on the job learning on the Green Temple project by Mangaldeep. There has been a positive feedback for the course.

18th April 2017 Conference on GST –The Historic Tax Reform

This Conference was organized for the benefit of Industries to understand the GST tax reforms , its working and to gear up for its implementation and compliance. M/s K.Vaitheeswaran & Co., Advocates & Tax Consultant was the Knowledge Partner for this Conference. Mr.Ram Venkataramani, President, MCCI welcomed the speakers and participants.

GST

The Chamber organized a one day Conference on “GST – The Historic Tax Reform” at Hotel Raintree, Chennai.

Mr. J M Kennedy IRS, Commissioner for Customs & Central Excise, Chennai, Chief Guest addressing the audience. Others in the picture ( L to R) :Ms. K.Saraswathi, Secretary General, MCCI, Mr.Ram Venkataramani, President, MCCI & Mr. K.Vaitheeswaran, Advocate & Tax Consultant

Mr. K .Vaitheeswaran, Advocate & Tax Consultant and Chairman of the Indirect Tax Committee gave an overview of the GST Conference. Mr.J M Kennedy IRS, Commissioner for Customs & Central Excise, Chennai was the Chief Guest. He appreciated the efforts of the Chamber in organizing such conferences for the benefit of Industries. He explained how Customs officials have been trained to implement GST once it is rolled out in July 2017. He urged the participants to come forward with their queries and to understand the nuances of GST and implement the same.

A section of the audience

Mr. K.Vaitheeswaran covered the CGST Act 2017, IGST Act 2017 in his first session. Mr. B. Sriram, Partner Ernst & Young LLP and GC Member made a presentation on the valuation under CGST Act 2017. Mr. P.R . Subramanian, Head, Indirect Taxes, L & T Construction Chennai made a presentation on Works Contracts and Construction.

Mr. K.Vaitheeswaran making a presentation on the CGST Act 2017, IGST Act 2017 in his ﬁrst session

Mr. K.K.Sekar, Head, Indirect Taxes, Ashok Leyland addressed the participants on the Job Work under GST. Mr. Shailesh P Sheth made a presentation on the Place of Supply under IGST Act 2017. Mr. K.Vaitheeswaran in the concluding session made a presentation on Input Tax Credit & Procedural requirements under GST. The meeting was attended by 200 participants who provided a very positive feedback.

Mr. P.R. Subramanian, Head, Indirect Taxes, L & T Construction Chennai making a presentation

ANNUAL REPORT 2017-18

17th June 2017 Discussion & Interaction on “Into GST and Whatzzz Up in Store”–Mr.N.Venkataraman, Senior Advocate With the GST reforms set to be rolled out on 1st July 2017, the Chamber organized a discussion and interaction on “Into GST and Whatzzz up in Store” at Hotel GRT Grand, Chennai . Mr. K.K.Sekar, Head – Indirect Taxes, Ashok Leyland Ltd and Co Chairman MCCI GST Committee welcomed the speakers and participants

Mr. N.Venkataraman, Senior Advocate addressing the audience. Others on the dias – (L to R) Ms. K.Saraswathi, Secretary General, MCCI, Mr. B.C. Datta, Vice President, Corporate Affairs, Hyundai Motor India Ltd and GC Member and Mr. K.K.Sekar, Head – Indirect Taxes, Ashok Leyland Ltd and Co Chairman MCCI GST Committee

Mr. B.C. Datta, Vice President, Corporate Affairs, Hyundai Motor India Ltd and GC Member made a presentation on the principles of GST and gave an overview of the GST Rate Structure

forward his narration with the 3 important foundations, namely, Transformation, Transition and Tax Compliance and explained the same in detail.

Mr. N.Venkataraman, Senior Advocate started his talk with an anecdote stating that “GST is like getting married where reporting has to be done every day”. He took

He requested the Industry members to maintain their accounts in the same method and to attempt compliance to the best of their ability. He urged the Industries to find ways and means to become GST ready. More than 200 participants benefitted from the above discussion and the meeting concluded with lunch.

GST

28th June 2018 Session on GST The Chamber had an exclusive session on GST for Thejo Engineering Ltd, a member of the Chamber at their request in the conference room of the Chamber. Mr. Gokul Dixit from R Subramanian & Co., Chartered Accountants along with his team conducted the exclusive session catering to the requirements of the member. The topics covered included, overview of GST, specific business considerations, transition and migration to GST, post transition with case studies. 30 participants from Thejo Engineering gave a positive feedback to the session.

30th June 2017 Workshop on ‘Tally for GST’ The Tally Solutions launched its new software, a GST Ready accounting and compliance software to help businesses gear up for GST from Day 1. The Chamber jointly with Tally solutions organized a workshop on ‘Tally for GST’ at e-hotel, Chennai. Mr.Mohan, Chartered Accountant & Tax Practitioner, Mr.L.Venkat Raghavan & Mr.L.Gunasekaran representing I Matrix Technologies Ltd. (a 5 Star certified Partner for Tally) handled the sessions. The feedback from 80 + participants was positive.

56 |

ANNUAL REPORT 2017-18

Mr.Mohan, Chartered Accountant & Tax Practitioner addressing the participants

18th November 2017 Faculty Development Program on GST for MOP Vaishnav College for Women The Chamber organized a Faculty Development Program on GST exclusively for the faculty of MOP Vaishnav College for Women. Mr. J.M. Kennedy, IRS, Commissioner of Customs & Central Excise, Chennai was the chief guest for the inaugural session. Mr.K .Vaitheeswaran, Chairman, GST Committee and Advocate and Tax Consultant gave an overview of GST – Law and Concepts – Update Mr. B.Sriram, Partner, Indirect Taxes, E& Y LLP addressed on the input tax credit scheme.

Mr. J.M. Kennedy, IRS, Commissioner of Customs & Central Excise, Chennai, Chief Guest addressing the participants

Mr.K K Sekar Co-Chairman, MCCI GST Committee & Head –Indirect Taxes, Ashok Leyland Ltd addressed on GST implementation- Way Forward Mr.G.Balakrishnan, Partner, BSD Associates & Member, MCCI GST Committee addressed on the compliance, e forms and e filing methods and issues

1st June 2017 New Initiatives by EPFO (Employee’s Provident Fund Organization)-Interactive Meeting with PF Commissioner, Chennai

Mr.Salil Sankar, Regional PF Commissioner, Chennai addressed the participants on various important initiatives introduced by the PF department. His presentation was followed by a presentation by Mr. A. Sankar,

HR & IR

The Chamber under the auspices of the HR & IR Committee organized an interactive meeting with the PF Commissioner to bring awareness to the members on the new initiatives of the EPFO.

Mr. Salil Shankar, Regional PF Commissioner, Chennai interacting with the audience. Mr. A. Shankar, Account Ofﬁcer is in the picture

Accounts Officer who elaborated on a few initiatives for the benefit of the participants. There was a positive feedback from 80 participants

9th September 2017 MCCI Certificate course on “Industrial Relations for Industrial Harmony” The Chamber organized a Unique Certificate Course on Industrial Relations for Industrial Harmony under the auspices of the HR & IR Committee. The classes were conducted for 4 Saturdays for the convenience of participants in September and October 2017. This Certificate course was designed to benefit participants by equipping them with required understanding of labour laws and to facilitate them to have better understanding in matters pertaining to management of Industrial Relations. A new feature of this course was that the presence of senior IR professionals invited by the Chamber, from the Corporate for the afternoon 2nd session to share their

Mr.Sridhar Rajagopalan, Country Head –HR & Head-India Labour Relations, Caterpillar India Ltd. addressing the participants

industry experiences, presenting case studies, conducting mock sessions, negotiations and direct interaction with the participants. This added value of sharing experiences of the senior IR Professionals gave participants a practical exposure and opportunity to gain information from experts. Experts from the Industries and Professionals handled the sessions. The Faculty included Mr.Sridhar Rajagopalan, Country Head –HR & Head-India Labour Relations, ANNUAL REPORT 2017-18

Caterpillar India Ltd.; Mr.S.R.Krishnan, Human Resource , Manager, Caterpillar India P.Ltd.; Mr.P.Ganapathy, Vice President –Personal & HR, Brakes India; Mr.K.Kumar, Sr.GM – HR, Dalmia Cements ; Mr.Anto Vincent, HR Consultant; Mr Akbar Khan, HR Consultant & GM-HR, Ashok Leyland Ltd. (Retd) ; Mr.C.Sreetharan, Vice President - HR, The Hindu (Retd.) ; Mr.K.S.Pasupathi, General Manager – HR, Wheels India (Retd.) ; Mr.Anand Gopalan,Partner,TS Gopalan & Co. & Chairman, MCCI Expert Committee on HR & IR; Mr.P.S.Ponappa, Sr.VP-ERM, TVS Motor Ltd.

The participants, faculty and MCCI Staff at the valedictory of the MCCI Certiﬁcate Course on Industrial Relations for Industrial Harmony

The Valedictory session had Mr.Balasubramanian, Joint Commissioner, Labour Department, Govt. of Tamilnadu as the Chief Guest. He addressed the participants and distributed the certificates. The course was attended by 25 participants who gave an excellent feedback.

2nd November 2017 Interactive meeting with Mr.Salil Sankar, Regional PF Commissioner, Chennai The Chamber scheduled a meeting with Mr. Salil Sankar, Regional PF Commissioner, Chennai on Thursday, 2nd November 2017 in the MCCI Conference room. Observing the Vigilance Awareness week, the regional office of the Employees’ Provident Fund Organization, provided an opportunity for the participants to highlight their issues/problems if any. 20 members attended the meeting and shared their concerns. The Regional PF Commissioner agreed to look into the issues raised.

HR & IR

8th December 2017 IR Conference–Nurturing and Developing: Industrial Relations The Chamber under the auspices of HR & IR Committee , organized , a one day IR Conference on “Nurturing & Developing: Industrial Relations at Hotel Raintree, Anna Salai, Chennai. This Conference was organized with the focus of nurturing and developing Industrial Relations in the age of emerging factors like Industry 4.0, where the vital role played by people in an organization cannot be undermined. The Conference focused on the following aspects • How CEOs and Top Management look at IR? • The perspective of young managers who handle this in an organization • To debate: Whether Linking Wages to Productivity enhances Productivity ? • Nurturing of Industrial Relations: How & When ? M r . V i v e k a n a n d Va n m e e g a n a t h a n , Managing Director, Caterpillar India Pvt. Ltd. in his address on “How CEOs and Top Management look at IR” elaborated on how the organization’s perceptions have changed from the earlier years. While it was profit centric, after liberalization in 90s, there has

58 |

ANNUAL REPORT 2017-18

Ms. K.Saraswathi, Secretary General, MCCI welcoming the speakers. Others in the picture (l to r : Mr. Anto Vincent, Former VP – HR, Ford India , Mr. Vivekanand Vanmeeganathan, MD, Caterpillar India Pvt. Ltd. and Mr. P. Kaniappan, MD,Wabco India Ltd.

Mr. K.S.Venkiteswaran, Advisor, Sanmar Group addressing the audience. Others in the picture (l to r : Mr.Ramesh Sampath, Country HR Director – India and South East Asia, Valeo India Pvt. Ltd., Mr. Anto Vincent, Former VP – HR, Ford India, Mr. Srinageshwar, Group VP – HR, Simpson Group and Mr, J.X. Dominic Saavio, GM-HR, Ford India

been a shift towards customers’ expectations and satisfaction. This has become a way of life. He stated that to do the balancing act of Industrial Relations, the ingredients are, absolute transparency and consistency. Mr.P.Kaniappan, Managing Director, Wabco India Ltd., in his address on the above topic shared his experiences and the various measures adopted by Wabco to promote Industrial Relations.

In the Technical Session on Industrial Relations – Issues and Challenges in India, Dr.N.Ravichandran, Director, India Japan Lighting Company Ltd. & Chief Mentor, Ucal Fuel Systems Pvt. Ltd. made a presentation covering the aspects of Changing Business Environment, Effect of Globalization on IR, The Changes and Challenges Ahead and the experience and approach. Mr. R . Ve nk atan arayan an, PresidentCorporate Services, RANE Group made a presentation on the above topic and discussed about Changing Aspirations and Expectations of the Workforce. Mr.Ram Kishore, Head – HR, L & T (Water & Effluent Treatment) made a presentation on what has been done so far with reference to the various Labour acts and the Next Steps.

In the Panel Discussion the debate was on the topic “Does Linking Wages to Productivity enhance Productivity. Mr.Anto Vincent, Former Vice President–HR, Ford India moderated the session with the experts on HR & IR such as Mr.Srinageshwar, Group Vice President –Industrial Relations Simpson Group of Companies, Mr.K.S.Venkiteswaran, Advisor, Sanmar Group, Mr.J.X.Dominic Saavio, GM HR, Ford India and Mr.Ramesh Sampath, Country HR Director –India & South East Asia, Valeo India Pvt.Ltd presented their valuable inputs. Mr. Anto Vincent in his concluding remarks elaborated on various incentives not related to wages that can enhance productivity. Mr.Sridhar Rajagopalan, Country Head–HR & HeadIndia, abour Relations, Caterpillar India Pvt. Ltd. made a presentation on Trade Union recognition and reforms. The program was attended by 40 persons with a positive feedback.

8th January 2018 Discussion meeting with PF Commissioner, Chennai – Impact of Supreme Court Judgment on Employee Pension Scheme The Chamber organized a Discussion meeting with PF Commissioner, Chennai to brief the participants about the impact the Supreme Court Judgment on EPS Scheme. In the PF Scheme, of 12% contribution of the employer, 8.33% is taken as a contribution towards Pension Scheme. However, the contribution is subject to a ceiling as prescribed in the Act. The Supreme Court in a Judgment rendered in 2016 highlighted that contribution to the pension scheme cannot be restricted to the ceiling limit. It was also clarified that the contribution paid over

Mr. Salil Shankar, PF Commissioner, Chennai brieﬁng the participants about the impact the Supreme Court Judgment on EPS Scheme.

and above the ceiling limit, had to be taken as contribution towards Pension Scheme. Mr. Salil Shankar, PF Commissioner, Chennai had a meeting with more than 30+ participants wherein he briefed about the Judgment and its consequences.

16th November 2017 MCCI and ISACA – Seminar on Protecting your Digital Transactions

The Chamber under the auspices of the IT/ITes Committee organized a Seminar on Protecting your Digital Transactions jointly with ISACA at Hotel Raintree, Chennai. Mr. Ramkumar Ramamoorthy, Executive Director- India, Cognizant and GC Member welcomed the speakers and participants. The Chief Guest was Mr. T.K. Ramachandran, IAS, Principal Secretary to Government, Information Technolog y Department, Chennai.

Mr. Ramkumar Ramamoorthy, Executive Director – India, Cognizant Technology Solutions India Pvt. Ltd. & Member,GC Committee welcoming the Chief Guest and participants. Others in the picture (L to R :- Ms. K.Saraswathi, Mr. T.K.Ramachandran IAS, Ms. Geetha Jayaraman and Mr. J.Raghunathan

ANNUAL REPORT 2017-18

Dr. V. Kamakoti, Professor, Department of Computer Science & Engineering IITM gave a special address on “Businesses going digital – opportunities and challenges through a story of “Wise Gen and IT Revolution”. Dr. K.Ramachandran, Director and CEO, Valiant Technologies in his presentation on “Managing Risks in relationship with IT Service Providers” covered the common IT related risks, components of IT/ITes market, the key challenges and the road map for future.

Mr. T.K.Ramachandran IAS, Secretary to Government, Information Technology Department, Go TN, delivering the Chief Guest address

Mr. Ramesh VijayaKumar in his address on Digital payments presented various options introduced by banks, government to make the banking transactions digital. Mr. R. Vittal Raj addressed on the topic “Hygiene tips for SMEs in Digital Transactions” Mr. S. Balu, Additional SP (Retd) Tamil Nadu Police Service made a presentation on Cyber Crime and lessons learnt. He narrated the various scenarios faced by the police in cyber crime and action taken for solutions. There was a panel discussion on “Managing SMEs’ Transformation to the Digital” moderated by Mr. J. Raghunathan, Chairman, IT/ITes Committee of the Chamber and Founder, KCIG. The following panel members shared their experiences on the above topic :-

Mr.R.Vittal Raj, Partner, Kumar & Raj and Member, GC Committee addressing the participants. Mr. J.Raghunathan, Chairman, IT Committee is in the picture

Ms Jamuna Swamy Mr B Manikandan Mr R Nandakumar Mr P Bhaskar Mr N K Mehta The program was attended by 70 persons and there was a positive feedback.

24th June 2017

LEGAL

Program on Reforms, Changes and Judicial Trends in Labour Laws Under the auspices of HR & IR Committee, the Chamber organized a one day program on the “Reforms, Changes and Judicial Trends in Labour Laws” at Hotel GRT GrandConvention Centre, Chennai. The objective of the program was to bring awareness and to educate the HR/IR Managers, Employers and other stake holders about the changes in labour laws. Mr. Anand Gopalan, Advocate & Chairman of MCCI HR & IR Committee briefed about the Recent Judicial Trends and changes in Labour Law Cases.

60 |

ANNUAL REPORT 2017-18

Mr. Anand Gopalan, Advocate & Chairman, HR & IR Committee brieﬁng the participants about the recent Judicial Trends

Mr.K .S.Venkiteswaran, Advisor, T he Sanmar Group-Corporate Division made a presentation on Draft Code Bill on Industrial Relations. Mr.Srinageshwar, Vice President (Group Industrial Relations), Simpson & Group Companies, Simpson & Co.Ltd. covered the topic Draft Code Bill on Wages. Mr.R.Venkat Narayanan, President-HR, Rane Group made a presentation on Labour Code on Social Security & Welfare Ms. Madhri Guruswamy, Advocate, made a presentation to the participants on the topic Sexual Harassment Act 2013 â&#x20AC;&#x201C;An Exploration?

Ms. Madhri Guruswamy, Advocate making a presentation on Sexual Harassment Act 2013.

40 participants took part in the program and provided a positive feedback.

29th April 2017 5th Trade Meet with KPL

The objective of the meeting was to convey the expectations and needs of the users and other stakeholders to the Port Authorities and to understand the upgraded facilities and services of Kamarajar Port Ltd.

LOGISTICS

The 5th Trade Meet was organised jointly by the Chamber and Kamarajar Port Ltd under the auspices of the Logistics Committee at Hotel Raintree, Chennai

Mr. U.Udayabhaskar Reddy, Chairman, Expert Committee on Logistics & Supply Chain felicitating Mr.M.A.Bhaskarachar, Chairman & Managing Director, Kamarajar Port Ltd. and Mr.P.K.Das, IRS., Chief Commissioner of Customs, Chennai in the dais. Mr.J.Krishnan, GC Member is on the right.

Mr. J. Krishnan, Partner, S. Natesa Iyer & Co. and Member of the General Committee welcomed all the representatives of the EXIM Trade. Mr.M.A.Bhaskarachar, CMD, Kamarajar Port Ltd. gave an overall account of the Kamarajar Port growth story and its future projected trajectory. Mr. P.K.Das, Chief Commissioner of Customs, Chennai inaugurated the meet with his address. A presentation was made by the representative from the Office of the Chief Commissioner of Customs, Chennai. Mr.V.Krishnasamy, General Manager â&#x20AC;&#x201C; Operations, Kamarajar Port Ltd., made a presentation of the KPL facilities. In the technical session, Mr. V. Chandramoleeswaran, Director,

A section of the audience

Chettinad International Coal Terminal Pvt. Ltd made a presentation on the Common User Coal Terminal. Mr. N.Suresh, Sr.V.P, Chettinad International Bulk Terminal Pvt Ltd made a presentation on Multi Cargo Terminal followed by Capt. T. Jeyaraj, Head, Adani Kattupalli Port Pvt Ltd. and Adani Ennore Container Terminal Pvt. Ltd. presented about the Container Terminal. Mr. Pankaj Gadhia, CEO, Lee & Muirhead Pvt. Ltd. made a presentation on the Break BulkProject Cargo. There were vibrant interactions by more than 60 participants. ANNUAL REPORT 2017-18

22nd July 2017

LOGISTICS

Interactive Workshop on “Customs Documentation under GST” After the roll out of GST on 1st July 2017, the Government issued several notifications under the Customs Laws. To understand these notifications, the changes and the impact, an interactive workshop on Customs Documentation under GST was organised by the Chamber under the auspices of the Logistics Committee. Mr. P.K. Behera, IRS, Commissioner of Customs was the Chief Guest. He informed that all proactive measures were taken by the Customs department to help the industries understand and implement GST. Mr.S.Murugappan IRS (Retd) Advocate & Consultant, with more than 20 years experience in Customs, Assessments, Special

Mr.S.Murugappan IRS (Retd) Advocate & Consultant

Valuation, Refunds, Auditing and bonded warehouse facilities etc., and presently engaged in advising various corporate and logistics firms along with his team handled the various sessions on the above topic. Apart from the presentations, there was a vibrant discussion with 160 participants who took part in this interactive meeting.

8th August 2017 Post GST Workshop – MCCI & NACIN The Chamber organized a one day Post GST Workshop in association with National Academy of Customs, Indirect Taxes & Narcotics (NACIN), Chennai at Hotel Regenta Deccan Plaza. This workshop was organized to provide an opportunity for the participants to interact and clear their queries with the faculty of NACIN who handle the operational procedures on a real time basis.

Mr.Vasa Seshagiri Rao IRS, Principal Additional Director General, National Academy of Customs, Indirect Taxes & Narcotics (NACIN), Chennai, Chief Guest addressing the audience. Others in the dias

Mr.Vasa Seshagiri R ao IRS, Principal Additional Director General, National Academy of Customs, Indirect Taxes & Narcotics (NACIN), Chennai was the Chief Guest. Mr.K .Vaitheeswaran, Advocate & Tax Consultant and Chairman, MCCI GST Committee made a detailed presentation on the Vision & Scope of GST –Overview of GST Laws. Mr.K P Balaji, Superintendent, Office of the Principal Chief Commissioner, Chennai made a presentation on the Registration, Returns Processes, Payment and Refund.

A section of the audience

Mr.R.Govindan, Superintendent, GST & CE, Audit –I, Chennai covered the topic, Time and Place of Supply Valuation of Taxable Provisions Mr.R.Srivatsan, Faculty, NACIN, Chennai addressed on Input Tax Credit Scheme and Transitional Provisions. Mr.K.Srinivasan IRS, Asst. Commissioner, GST & CE, Chennai North made a presentation on Composition Levy Scheme. Around 85 participants benefitted from this program.

62 |

ANNUAL REPORT 2017-18

21st September 2017 Workshop on Customs Documentation under GST at Hosur

Mr. Udayabhaskara Reddy, Chairman, Logistics Committee, welcomed the participants on behalf of the Chamber at Hosur. Mr. S. Murugappan IRS (Retd) Advocate and Consultant sitting on the left, handled the sessions.

Mr. Udayabhaskara Reddy, Chairman, Logistics Committee, welcomed the participants on behalf of the Chamber at Hosur. Mr. S. Murugappan IRS (Retd) Advocate and Consultant handled the sessions.

There was a vibrant discussion post the presentation. The feedback was very positive from the 50 participants.

LOGISTICS

The Chamber organized an Interactive workshop on Customs Documentation under GST at Chennai. Mr. S. Murugappan IRS (Retd) Advocate and Consultant handled the sessions with his team. There was an overwhelming response. Hence, the Chamber for the benefit of the Industries at Hosur, organized a similar workshop as part of an outreach program, jointly with the Hosur Industries Association on 21st September 2017

21st September 2017 MCCI Interaction with IIFT Students At the request of Indian Institute of Foreign Trade, (IIFT) an interaction meeting was organised with the students from IIFT. Mr. J Krishnan, GC Member and Partner, S.Natesa Iyer & Co. made a presentation on the Bali TFA and the Indian customs initiatives for the students from IIFT.

25th October 2017 Interaction Meeting with the Commissioner of Customs IV–Implementing Electronic Sealing for Containers by Exporters under Self-Sealing Procedures. The Chamber organised an interaction meeting with the Commissioner of Customs IV at E Hotel, Chennai. Mr.U. Udayabhaskar Reddy, Chairman, Logistics Committee, MCCI welcomed the participants. Mr. Prakash K Behera, IRS, Chief Commissioner of Customs IV, Chennai expressed his appreciation to the Chamber for making this meeting possible .He stated that it is essential to understand the procedures which are to be in effect from November 1, 2017. He gave a brief introduction of the electronic sealing for containers by exporters under the self sealing procedures Mr.M. Ramesh, IRS, Deputy Commissioner – Docks Customs, Commissionerate, Chennai made a presentation

Mr. Prakash K Behera, IRS, Chief Commissioner of Customs IV, Chennai delivering the chief guest address

on the Roles and Responsibilities of Stakeholders followed by a presentation by IB Track Solutions Pvt Ltd., Bengaluru on the e –seal procedures to be followed including the trial run. The Program was attended by 170 participants.

19th December 2017 Interaction meeting with Zonal Additional DGFT The Chamber had invited Mr.D.K.Sekar, IA&AS, Zonal Additional Director General of Foreign Trade, Chennai for an interaction meeting with the Members of the Chamber at the Chamber’s premises to understand the salient features of the Foreign Trend Policy (FTP). Mr.D.K Sekar made a presentation on the Mid Term Review of Foreign Trade Policy and updated the participants on the latest changes relating to Imports & Exports.

Mr.D.K.Sekar, IA&AS, Zonal Additional Director General of Foreign Trade, Chennai at the interaction meeting with the participants

ANNUAL REPORT 2017-18

The Highlights of the review included:• The value of new incentives is Rs.8000 crore. • The FTP would focus on micro, small and medium enterprises, labour intensive segments and agriculture sector. • Incentives for good exports is Rs.4567 crore and for services exports is Rs.1,140 crore • Self certification scheme for duty free imports.

•

Trade Accounts for 45% of the country’s GDP. FTP incentives now 8000 of the total 12000 lines of items. A new trade data analytics division under the Directorate General of Foreign Trade will analyze real time data to help fine tune policy.

Around 23 participants clarified their queries during the interaction session after the presentation.

6th February 2018 Presentation on E-way Bill at Hosur The Chamber organised an exclusive session on e way bill at Hosur in association with Hosur Industries Association on 6th February 2018 jointly with National Academy of Indirect Taxes & Narcotics (NACIN)

Mr.Venugopalan Nair IRS, Asst. Director, National Academy of Indirect Taxes & Narcotics (NACIN) and Mr.R.Srivatsan, Superintendent, NACIN were the faculty.

Mr. S.Sankaranarayanan, Deputy Secretary, MCCI welcomed the faculty and the participants.

They made a detailed presentation to the members from Hosur Industries. The program was attended by 45 participants and the feedback was positive.

24th February 2018 Presentation on e-way bill at Chennai The Chamber organized the 2 nd Session on E Way Bill Law on Saturday, the 24th February 2018 at E Hotel, Chennai on the topic Awareness, Procedures, Legislative Aspects, Q & A Session on E Way Bill with National Academy of Customs, Indirect Taxes & Narcotics (NACIN) Mr.Venugopalan Nair IRS, Asst. Director, National Academy of Indirect Taxes & Narcotics (NACIN) and Mr.R.Srivatsan, Superintendent, NACIN made a detailed presentation and clarified the queries of 70+ participants.

Mr.Venugopalan Nair IRS, Asst. Director, National Academy of Indirect Taxes & Narcotics (NACIN) and Mr.R.Srivatsan, Superintendent, NACIN interacting with the participan

23rd June 2017 MCCI - Indo-French Manufacturing Conclave

The special invitees who addressed the gathering during the Inaugural Session were Mr. S. Sarathi, Sr. Vice President, Anand Automotive Ltd. & Chairman, MCCI Manufacturing Committee; Ms. Payal Koul, Vice President, Invest India and Mr. Philippe Janvier-Kamiyama, Consul General of France to Pondicherry. Leading French and Indian companies participated in the panel discussions. The topics for the two panel discussions

64 |

ANNUAL REPORT 2017-18

Mr. S. Sarathi, Joint Director, Mando Automotive Ltd. & Chairman, Manufacturing Committee addressing the audience.

were Co-Innovation - The Future of the Manufacturing Industry and Sustainability Mobility. The Program was attended by 60 participants.

MANUFACTURING

The Chamber in partnership with The Indo-French Chamber of Commerce and Industry (IFCCI), and Invest India, organized a Manufacturing conference at The Westin, Velachery. The event consisted of Heads of French companies sharing diverse experiences and knowledge in the field of manufacturing, striving to further connect Indian and French companies for mutual benefits.

TRADE SERVICES Trade Information and Library

ASSOCHAM

Trade enquiries received by the Chamber during the year related to imports, exports, joint venture possibilities, foreign collaborations and they have been replied accordingly

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

The Chamber has a compact library. Additions to the library are being intimated to the members through the Bulletin The Chamber issues certificate of origins for goods being exported to other countries, attests export documents, invoices, agreements, sales contracts, etc., The Chamber also issues letters to the various Embassies, Consulates recommending grant of visa for business travel. This service is provided only to members.

Advisory Services Arbitration The Chamber undertakes arbitration between members and also between members and nonmembers on request. It has a panel of arbitrators. The Chamber is a life member of the Indian Council of Arbitration, New Delhi

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

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

Representations to Government The Chamber sent the following representations to various bodies: Date 16th June, 2017

Representation Valuation Rules – Proposed amendment to Rule 11(UA) of the IT Rules, 1962

5th January, 2018

GST – Banking, Financial and Insurance Sector

20th January, 2018

GST – Tran1 and ITC 04 Returns

7th March, 2018

Companies (Beneficial Interest and Significant Beneficial Interest) Rules 2018

Addressed to Mr.Sushil Chandra Chairman Central Board of Direct Taxes GoI, New Delhi Mr.Upender Gupta Commissioner, GST Head of the Working Group for GST, New Delhi Mr.R.S.Khurana Deputy Commissioner GST Policy Wing, New Delhi Ministry of Corporate Affairs, New Delhi

ANNUAL REPORT 2017-18

MEMBERS SPEAK FFT on Talk on Down the Memory Lane Today ’s breakfast program was wonderful. The speaker was par excellence and the subject was par excellence. In nutshell, it was indeed a treat. Regards,

Mr. TV Gopal VA TECH WABAG

Roundtable on “Exploring Eﬀective CSR Initiatives in Water and Sanitation” Thank you for your invitation and the program was very useful.

Anbarasu R C Asst. Manager–CSR Michelin India Pvt. Ltd

Indo-French Manufacturing Conclave 2017–Thank you! It gives us great pride to inform you that the Indo-French Manufacturing Conclave 2017 that was held on 23rd June at The Westin, Chennai was a huge success and was well received by all. I would like to personally thank you for having accepted our invitation to be a part of this event and we would also like to thank Mr. Sarathi for addressing the gathering during the Inaugural Session. Thank you for all the support and co-operation without which this event would not have been the success that it was. We greatly appreciate your support and hope to see you all in IFCCI’s future events.

Merlin Sarah SIMON Regional Director–Southern Chapter

Conference on “TN Moving towards 24/7 Sustainable Power Supply” 6th October, 2017 @L &T Auditorium, Manapakkam, Chennai-600089: In my opinion it has been a curtain raiser for whole of India. Great moment of effective networking.

Dr Gomathinayagam

Thank you for the invitation to attend the CSR round table meet and CSR conference which held on 2nd Mar’18. Indeed, it was a great opportunity to share/exchange views on various key development activities by NGOs and CSR initiatives of corporate.

Dr. R. Muthu veeran Conference on CSR – Synergy for maximizing Social Impact Congratulations! and thank you for organizing the Round Table Meet with NGOs & Corporates, followed by the Conference which was a very useful insight on Synergy for Maximizing Social Impact . Apart from the meeting, it was also a wonderful opportunity of coming together and getting to know each other’s work and also interacting with the corporate representatives.

Ms. Shanthi V-Excel Educational Trust

66 |

ANNUAL REPORT 2017-18

Project Director Universal Higher Education Trust

Visit to Madras Atomic Power Station (MAPS) Thank you for arranging the visit to MAPS and Nemilli Desalination Plant. It was very interesting, educative, and very impressive. It was also very nice that the authorities at both the places were courteous and explained the salient aspects of the facilties.

Mr. R.Narasimhan Director, Protech Consultants

GUEST SPEAKS

ANNUAL REPORT 2017-18

.,,,)

1-.0 � � /,,_o

-l/,,u

W<V'

a,J

y_;;µ,.. \

lo � ul f , ""' ' lt ,/4 dJP o1 _

�

fl-,

-llv µ=

,_,,, ,;r,ch

Q �f'

c.,OO

'--

w�-f.

µJc m � �� / ½ ✓cY L�� , &.c �,( a

k._,_

fo >?LL P� f; Jv,A/" f / C -? L,, 0I a,,-,/.

�11 �

(

/YJ �i,v

j ecjC

1-v#JJ--

cvi4

l-tf�<1-

T�

}O k

� J,__ . I

/&ls> �

Kruvv H.E. Mr. Riho Estonia of or d sa as b Am

_s/CY'--f;/

---------- -

68 |

ANNUAL REPORT 2017-18

;..

ANNUAL REPORT 2017-18

CHAMBER IN THE NEWS

mp a v e r ’ t r a m ‘s t i to ge a n n e h C h t r o N ; funds sought Panneerselvam

to renovate wat

erbodies

l initiate severa each other to including the mega projects, in T. Nagar. za pedestrian pla t that the pre He pointed ou rking ng for the pa er eti rt me po bid Re Staff le sharcyc and ent managem CHE NNA I completed, and ernment is for ing had been The State gov pe that the pro cial plan for expressed ho in the mulating a spe t of north uld take off en wo ts pm jec elo the dev ni. Mr. Cherubal ich has a sig coming weeks Chennai, wh members of rtion of residrequested the e up, as a fic ant propo verty tak po to the CI ow the MC to ents living bel nMi sing ₹1 crore puty Chief challenge, rai line, said De hundreds of wa erselvam here renovate the the d ister O. Panne un aro d dies in an bo . ter rday Fri rpo on their Co the valedict cit y as part of Addressing nsibility. of the Urban ate Social Respo nal ory session conferr of the Natio Iye us and mp An Ca Thinkers bal ban Affairs Ur Glo a ai as Institute of ern gov ence on ‘Chenn State ised by the called on the Cit y’, organ digital data boost to ber of Comnt to create a infrastructure me jor s ma a iou e var Madras Cham vid g atin will pro ustry (MCCI), platform, integr tform, he north Chennai merce and Ind special plan for ai, which has lities. The pla cost savuti awaited: The chi na Mu en he said, “Chenn GAM k Ch ALIN lp in turn y dating bac y. B. JOTHI RAM said, would he portunities speakers to a rich histor s the localit rld-class city. ng op an advanced is set to witnes into a truly wo Chief Exec- ings, creati nRail is also at 2,000 years, Transport R for the Bus ing better pla bal, rastructure DP sur eru a ban inf en Ch Ur j d and of Ra an ed ge, rat a lot - teg Metro sta Sriram, vicetem would Chennai Smart the Smart Cit , comprising ning. Gayathri gave an aspid Transit Sys ,” he an- utive Officer, tem Ra sSys po changes under a as t icion tha ited, said ent, MCCI, e.” He ind red shortly I and Extens mber had presid a be prepa ies programm w plan for Rail Phase Pan- Cit y Lim Mr. that the cha II, for which momentum ne nounced. art surance well as Phase ls itive in the ated that the jec t Report under the Sm said the officia involve itself Pro parts of the city am red uld elv he ern wo led ers gat rth tai ne ls no s fer the bodies in officia ra- De kilometres wa ation of water ting in the con e housing inf projec t, with (DPR) for 107 nt de- restor could includ the participa been directed to Cit y ure. ious governme sidered by fut var had con m . the ce fro ure ng en h uct bei wit str ment. “The all the sug ges elvam said s coordinating Mr. Panneers the new Central govern Mass Rapid take note of rd by various partment in the ns put forwa integration of he took pride infrastruch Metro tio wit tem ort Sys nsp public tra In- Transit ilt under the ture being bu

Focus w

g, says O. ill be on housin

70 |

ANNUAL REPORT 2017-18

OURBUREAU

The ented growth. W hi stitutions and ci academic ingr owth was stagna le the city's Agencies could ga nt, the two di ther data on need to work togetizen bodies fferent indices su ch as air cities.sustainable ther to make contribution from qu tier and ed ality, health, sanitation and Principal Secret ; S Krishnan, tie r uc ci ation. tiesare also ary, Housing . . and Urban Partnerships withon the rise. ac ad em Nadu, ic ernment is said the State institutions and currently ot he r agen- on a sl At a meetingo cies,accordingto eep deprivation hi m ,w ill project; he Global City' organ'Chennai as a lp in making in partnership w he said. ith an MadrasChambe nised by the populationis onThe immigrant evidence-basdecisions that are toanalys ed. . and industry (Mrof Commerce aremorevehicle the academic cooperFor example,. a person's cogn ehow it affects CC so n I) iti ro at an ve ad io d ab n s, th ili an co e ty d ul National Institu and d areas help put and different together data on how working to work are also fairs (NIUA) herete of Urban Afar on es co ee a on cl un in Th ea g unpreced- ta tri nliness index ursday, he said the citv ha ckled ' similar es have salwavs been problems. in the trade since ancient in a month." will be released Shah, the ector, partner said evidenceevent. "What we need ba sed policies w maintain .th at po to do is to geted investmenill help in si tio n. Th is can be done on are sustainable. t and hence t by participaRam tion from peoply S President, le, private and non-governmen said the organisationi ta l . agenci es, and academics in an urban observ s working on j atoryfor the developmenstitutions in nai that record Krishnanadded. t process," on differen Krishn The city's landsc Ram Venkataram an,Principal such as air qu t parameters apeis an i,P re sid en t,M NIUA,at the MCCI health,sanitation ality, crime, Shah, Director, event in Chennai,CCI,and steering committand water. formed to take ee has been forward."

OPS: Metro to get approval by March 2018 The detailed project of the Chennai metro rail project is under consideration of the Centre and Cooperation Agency, and the state government hopes to receive approvalsby 2018, deputychief minister said on Friday Speaking at the valedictoryfunctionof 'Chennaias a City', a conference held bv MadrasChamberof commerce and Industry (MCCI),Panneerselvam saridors of the bus transit systems will be prepared shortly. He said a deintegration tailed of an advancedstage. The deputy chief minister said 34,580 houses will be constructed for the ur-

contributor to India's GDP and ranks third in terms of cumulative foreign direct investmentflows More than 70 members from Chennai

BOUND

ban poor at the cost of crore. "History tells us that this area on the east coast of India was an active international trading centre 2.000 vears city was ded in1963 in an earlier wave of globalisation. Hence, Chennai has always been a Hesaid the recent sion of Chennaiin of creative cities UNESCO was a fitting tribute to the peopleand cultureof the city Paneerselvamsaid the state is the second largest

(CMDA), Metrowater, traffic police and others from central government ments participated the MCCI president Ram Venkataramani, who spoke at the event, said that a ring committee has been formed bv MCCI which will an urban observatory for the city that will record air quality, crime, health, sanitation and water. Events with themes such as 'Resilience and Smart Cities'. 'Inclusion. Infrastructure' had heads of city civic bodies and reaucratsparticipating.

on ad be1

dti ne

ANNUAL REPORT 2017-18

72 |

ANNUAL REPORT 2017-18

Sri City impresses Madras Chamber of Commerce and Industry delegation THE HANS INDIA | Jan 20,2018 , 01:44 AM IST

MD Ravindra Sannareddy briefing the MCCI delegation about Sri City in Chittoor district on Friday Tirupati: A 25-member delegation from the Madras Chamber of Commerce and Industry (MCCI), led by its Secretary General K Saraswathi visited Sri City on Friday. Sri City founder and Managing Director (MD) Ravindra Sannareddy briefed them on the specific advantages and unique features of Sri City and highlighted AP governmentâ&#x20AC;&#x2122;s support and encouragement being given to investors. He said the views and suggestions of members from diversified sectors were extremely useful. Appreciating the investor-friendly ecosystem and ease of doing business at Sri City, Saraswathi praised the MD for developing such a mega industrial park, which is a blend of business and support amenities providing infrastructure to benchmark with the best in the country.

Scanned by CamScanner

ANNUAL REPORT 2017-18

THE ORGANISATION PRESIDENT VICE PRESIDENT GENERAL COMMITTEE SECRETARY GENERAL Specialized Committees -

Company Law /Corporate Matters Banking, Finance & Insurance Corporate Social Responsibility (CSR) Direct Taxes Economic Affairs Education & Skill Energy Environment, Water Conservation, Pollution Prevention & Control HR & IR Indirect Taxes Industrial Development / Infrastructure IT & ITES Legal Affairs Logistics Manufacturing VAT

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

Support Services

- Commercial Arbitration - Visa Recommendation

- Issue of Certificate of Origin

- Membership - Accounts - Establishment

Auditors: Messrs. RGN Price & Co., Chennai were re-appointed as Auditors of the Chamber for the year 2017-18. Madras Chamber Secretariat: Ms. K Saraswathi Mr. S. Sankaranarayanan Ms. Madhumathi C Ms. B Highland Mr. P.S. Mohan Ms. D. Vasumathi Ms. R. Jayalakshmi Mr. S.Rajesh Support Staff Mr. A. Elumalai Mr. R. Suresh

74 |

ANNUAL REPORT 2017-18

Secretary General Deputy Secretary Deputy Secretary Manager (Trade Facilitation) (Retd. in Jan 2018) Manager (Accounts) Manager (Admin & Programs) Executive (Member Services) Executive (Accounts)

CORPORATE MEMBERS

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48.

A 360 Degree Global Equipment Pvt. Ltd. 4 I Apps Solutions Pvt. Ltd. A J Trust Educational Consultancy A R Krishnan & Associates A S Shipping Agencies Pvt. Ltd. A V Thomas & Co. Ltd. Aachi Cargo Channels Pvt. Ltd. Aapt Distribution Pvt. Ltd. Abhyas Academy Abirami Soap Works LLP Acrastyle Power (India) Pvt. Limited Adani Kattupali Port Ltd. Adayar Gate Hotel Ltd. Addison & Co. Limited. Adrenalin eSystems Limited Agaram Infotech Pvt. Limited AGP International Services AGX Logistics India Pvt. Ltd. Akzo-Nobel India Limited. Alcatel-Lucent India Limited Alfanar Engineering Services India Pvt. Ltd. Alliance Infrastructure Projects Pvt. Ltd. Allison Transmission India Pvt. Ltd. Allsec Technologies Limited. Alpha Water Technologies India Pvt. Ltd. Alpharithm Technologies Pvt Ltd. Altacit Global Amac Engineering Services Pvt. Ltd. Amalgamations Private Limited. Ambalsoft Infotech Private Limited Ambattur Clothing Private Limited. Amec Foster Wheeler India Pvt. Ltd. Amman Try Sponge & Power (P) Ltd. Amrutanjan Health Care Limited Anand and Anand Anand Automotive Pvt. Limited Anand, Samy & Dhruva Andritz Technologies Pvt. Ltd. Anjappar Chettinad A/C Restaurant Antares Weighing Apex Laboratories Private Limited. Apollo Tyres Ltd APT Tools & Machinery India Pvt. Ltd. Aquatherm Engineering Consultants (India) Pvt. Ltd. Argus Partners Arjun Chemicals Pvt. Limited. Arkema Peroxides India Private Limited. Armstrong International Pvt Ltd

49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64.

ASA & Associates LLP Ashok Leyland Limited Ashok Leyland Nissan Vehicles Limited Aspiration Energy Private Limited Aspire Systems (India) Pvt. Ltd. Astra Innovations Pvt. Ltd. Atiksys Technology LLP Athena Infonomics India Pvt. Ltd. Audex Solutions and Technology Pvt. Ltd. Aumund Engineering Pvt. Ltd. AVA Cholayil Health Care Private Limited Avalon Consulting Avant Garde Systems and Controls Pvt. Ltd. Avant-Garde Engineers and Consultants (P) Ltd Axles India Ltd. Ayan Tech Solutions Pvt. Ltd.

65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90.

B B&G Infrastructure Co. Pvt. Ltd. B Ravi & Associates Barrla Fets Pvt. Ltd. Basco India BBSK Associates BCT Consulting Pvt. Ltd. Beardsell Limited. Bentoli Agrinutrition India Pvt. Ltd. Besmak Components Pvt. Ltd. Beva Silicones Private Limited. Beyontec 2nable Solutions Pvt. Ltd. BGR Energy Systems Limited. Bhaha Engineering Service Bharat Petroleum Corporation Limited. Bharti Airtel Limited. Bilfinger Neo Structo Pvt. Limited Blackstone Group Technologies Pvt. Ltd. BNY Mellon Technology Pvt. Ltd. BNP Paribas Brakes India Private Limited Britannia Industries Limited Broekman Logistics India Pvt. Ltd. BS & B Technologies (P) Ltd. BSD & Associates BSR & Co. LLP Buildcraft Interior Pvt. Ltd.

91. 92. 93. 94. 95.

C CADD Centre Training Services Pvt. Ltd. CPC Diagnostics Pvt. Ltd Calibre Lubricon Pvt. Ltd. Cameo Corporate Services Limited Caplin Point Laboratories Ltd. ANNUAL REPORT 2017-18

96. 97. 98. 99. 100. 101. 102. 103. 104. 105. 106. 107. 108. 109. 110. 111. 112. 113. 114. 115. 116. 117. 118. 119. 120. 121. 122. 123. 124. 125. 126. 127. 128. 129. 130. 131. 132. 133. 134. 135. 136. 137. 138. 139. 140.

Capricorn Food Products India Limited. Caravel Logistics Pvt. Ltd. Cargotec India Pvt. Ltd Carvalho Associates LLP Castrol India Limited Cauvery Power Generation Pvt Ltd. CavinKare Private Limited Ceego Labs Pvt. Ltd. Chain-Sys India Pvt. Ltd. Chakiat Agencies Pvt. Ltd. Chemplast Sanmar Limited Chennai Petroleum Corporation Limited Chettinad Cement Corporation Limited Chevron Petroleum India Pvt. Ltd. Chidambaram Fishnets Pvt. Ltd. Chidambaram Shipcare Pvt. Ltd. Cholayil Pvt. Ltd. City Union Bank Limited Codina Metalic Pvt. Ltd. Cogent Innovations Pvt. Ltd. Cognizant Technology Solutions India Pvt. Ltd. Comodo Security Solutions Pvt. Ltd. Computer Age Management Services Pvt. Ltd Contemporary News Private Limited Corporate Consulting Group Corporation Bank CSB Services Asia Pacific Pvt. Ltd. Cyril Amarchand Mangaldas D Dace Medical Systems India Pvt. Ltd. Daimler India Commercial Vehicles Private Limited Damodar Trade Links Pvt Ltd. Darts India Private Ltd. Detect Technologies Pvt. Ltd. Deloitte Haskins & Sells Deloitte Touche Tohmatsu India LLP Delphi â&#x20AC;&#x201C;TVS Diesel Systems Ltd. Dharmic Solutions Pvt. Ltd. Dharsan Dredging & Construction DHL Express (India) Pvt. Ltd. DHL Logistics Pvt. Ltd. DORMA India Private Ltd. Durr India (P) Ltd. DXC Technologies India Pvt Ltd Dynamic Netsoft Technologies Pvt. Ltd. Dyrocon Airtech Pvt. Ltd.

E 141. E Orchids Techsolutions Pvt. Ltd.

76 |

ANNUAL REPORT 2017-18

142. 143. 144. 145. 146. 147. 148. 149. 150. 151. 152. 153. 154. 155. 156. 157. 158. 159. 160. 161. 162. 163.

Easun - MR Tap Changers (P) Ltd. Easun Reyrolle Limited Easy Job Innovations Pvt. Ltd. Easy Solutions eBMS Solutions Pvt. Ltd. Economic Laws Practice Edufluence Einstro Technical Services Pvt. Ltd Emrald Resilient Tyre Manufacturers Pvt. Ltd. Engenius Erectors Pvt. Ltd. Enmas O & M Services Pvt. Ltd. Entvent Tools & Services Ernst & Young LLP ESAB India Limited ETA Engineering Private Limited ETA Star Property Developers Limited Ethical Intelligent Technologies LLP European Flavours & Fragrances Pvt. Ltd. Eveready Industries India Limited Excel Automation Solutions Excel Optics (P) Ltd. Express Infrastructure Pvt. Ltd.

164. 165. 166. 167. 168. 169. 170. 171. 172. 173. 174. 175. 176. 177. 178. 179. 180. 181.

F Facilio Technology Solutions Pvt. Ltd. Farida Leather Company Farm Implements (I) Pvt. Ltd. Federal Bank Fichtner Consulting Engineers India Pvt.Ltd. Fiducial Insurance Brokers India Pvt. Ltd. Fincare International First Engineering Plastics India Pvt. Ltd. FLSmidth Private Limited Fluidtherm Technology (P) Ltd. Force 1 Guarding Services Pvt. Ltd. Ford India Private Limited Fore Brain Technologies Pvt. Ltd. Foress Impex Pvt. Ltd. Fox Mandal & Associates Frendi Fashions Pvt. Ltd. Fumigation Services Pvt. Ltd. Futurenet Technologies India Pvt. Ltd.

182. 183. 184. 185. 186. 187. 188.

G G M Pens International Pvt. Limited G E T&D India Ltd. Galipoglu Hidromas India Mfg. Pvt. Ltd. Gates Unitta India Company Pvt. Ltd. Gajra Pai and Zhu Pvt. Ltd. GBA Consulting (P) Ltd. GE Power Conversion India Pvt. Ltd.

189. 190. 191. 192. 193. 194. 195. 196. 197. 198. 199. 200. 201. 202. 203. 204. 205. 206. 207. 208.

G G Organics Exports Pvt. Ltd. Gemini Fertilizers Gemini Iron and Steel Pvt. Ltd. Gemini Sea Air Freight Services Gencor Pacific Organics India (P) Ltd. George Oakes Limited Global Insurance Brokers Pvt. Ltd. Globelink WW India Private Ltd. Globeliz Travel Services Pvt. Ltd. GMV Engineering Pvt Ltd. Good Care Enviro System Pvt. Ltd. Gopi Kumar Associates Greentech Recyclers Greta Investments Pvt. Ltd. Greycat Tyres Pvt. Ltd Group Fio India Pvt. Ltd. Grundfos Pumps India Pvt. Ltd. GSS Innovations India Pvt. Ltd. GSV Associates Guardian Anti Corrosives (P) Ltd. H

209. 210. 211. 212. 213. 214. 215. 216. 217. 218. 219. 220. 221. 222.

H K International HDFC Bank HP Valves and Fittings India Pvt. Ltd. Hanon Automotive Systems India Pvt.Ltd. Haribhakti & Co LLP Hariharan Foundations Pvt. Ltd Hauer Associates Hermes I Tickets Pvt. Ltd. Hindalco Industries Limited Hinduja Foundries Limited Hindustan Unilever Limited Hitro Energy Solutions Pvt. Ltd. HLL Biotech Ltd. Housing Development Finance Corporation Limited 223. Husqvarna (India) Products Pvt Ltd. 224. HVK Systems and Marketing Pvt. Ltd. 225. Hyundai Motor India Limited. 226. 227. 228. 229. 230. 231. 232. 233. 234.

I Iacharya Silicon Limited. ICRA Management Consulting Services Limited IDBI Bank Limited IL&FS Cluster Development Initiative Limited ImageGrafix Engg. Services Pvt. Ltd. India Cements Capital Limited India Pistons Limited Indian Additives Limited Indian Bank

235. 236. 237. 238. 239.

243. 244. 245.

Indian Oil Corporation Limited Indian Overseas Bank Indian Potash Limited Info-Drive Analytics Pvt. Ltd. Integrated Foods & Consumer Products (India) Pvt. Ltd. Intellect Design Arena Ltd. International Clearing & Shipping Agency (India) Pvt.Ltd. International Flavours & Fragrances India Pvt. Ltd. International Services IP Rings Limited ITC Limited

246. 247. 248. 249. 250. 251.

J J K Fenner (India) Ltd. J Cynergy Global JEF Techno Solutions Pvt. Ltd. Johnson & Johnson Pvt. Limited. Johnson Lifts Pvt. Ltd. Jumbo Bag Limited.

240. 241. 242.

K 252. 253. 254. 255. 256. 257. 258. 259. 260. 261. 262. 263. 264. 265. 266. 267. 268. 269. 270. 271. 272. 273. 274. 275. 276. 277.

K & S Partners K Gaurav Kumar & Associates K Steamship Agencies Pvt. Ltd. K Vaitheeswaran & Co. K.I (International) Limited Kalco Agro Products Pvt. Ltd. Kaleesuwari Refinery Private Limited Kannan Fibre Industries Kardi Dryers (P) Ltd. Karnataka Bank Limited Karpagam Krishnan & Natarajan Kasturi & Sons Limited KCP Sugar & Industries Corporation Limited Keld Ellentoft (I) Pvt. Ltd. Kellogg Brown & Root Engineering Construction India Pvt. Ltd. Kemin Industries South Asia Private Limited Kilburn Electricals Limited Kiran Global Chem Limited Knowledge Capital Investment Group Kochhar & Co Kone Elevator India Pvt. Ltd. Kothari Safe Deposits Limited Krebs Engineering Pvt. Ltd. Kriate HR Consultants Pvt. Ltd. Kriti Kare India Pvt. Ltd. Kriya Travel Logistics Private Limited

ANNUAL REPORT 2017-18

278. Kriyaa Consultants and Engineers Pvt. Ltd. 279. Kumar & Raj 280. Kumar & Velayudham L 281. 282. 283. 284. 285. 286. 287. 288. 289. 290. 291. 292.

L & T Valves LA Freight lift Pvt. Ltd. Lakshmikumaran & Sridharan Lakshmi Machine Works Limited Larsen & Toubro Construction Lee & Muirhead Pvt. Ltd. Leitwind Shriram Mfg. Limited. LNV Technology Private Ltd. Logic Information Systems (India) Pvt. Ltd. Logitrans Technology Pvt. Ltd. Lucas Indian Service Limited Lucas TVS Limited

299. 300. 301. 302. 303. 304. 305. 306. 307. 308. 309. 310. 311. 312. 313. 314. 315. 316.

M Mackmorn Vanijya Pvt. Ltd Macmillan Publishers India Limited Madras Consultancy Group Magtaan Travels & Holidays Pvt. Ltd. Mahindra World City Developers Limited Management & Governance Consulting Pvt. Ltd. Mark Softech Private Limited Market Simplified India Limited Marwa Impex Pvt. Ltd. Maveric Systems Limited MB Metallic Bellows Pvt. Ltd. Mecaplast India Pvt. Ltd. Medopharm Mediclone Health Care Pvt. Ltd. Mercato Trade House Metallic Bellows (I) Pvt. Ltd. Metronic Engineering Pvt. Ltd. MGCM Vidya Private Limited Mitsubushi Elevator India Pvt Ltd. Monarch Scientific Works MRF Limited. MSM Prosystec MSKA & Associates MTL Instruments Pvt. Ltd.

317. 318. 319. 320. 321.

N N C Rajagopal & Co. N Gopaldas Gems & Jewellery Exports Pvt. Ltd. N Venkataraman & Associates Nabisha Leathers Nanchil Infrastructure Pvt. Ltd.

293. 294. 295. 296. 297. 298.

78 |

ANNUAL REPORT 2017-18

322. 323. 324. 325. 326. 327. 328. 329. 330. 331.

NAV Indus Food Machines Pvt. Ltd. Neophyll Agrisciences Pvt. Ltd. Neptune Financial Software Pvt. Ltd. NFA Life Secure Pvt. Ltd. nice Neotech Medical Systems Pvt. Ltd. Nile Marine Services Nippon Paint (India) Pvt. Ltd. Nist Institute Pvt. Ltd. Noble Eco Systems Pvt. Ltd. NPS Technology & Engineering Services Pvt. Ltd. 332. NTC Logistics India Pvt.Ltd. 333. Nubiola India (P) Ltd. 334. Nutra Specialities Pvt. Ltd 335. 336. 337. 338. 339. 340. 341. 342. 343. 344. 345. 346. 347. 348. 349. 350.

O Object Frontier Software Pvt. Ltd. Oceanic Edibles International Limited Ocrim International Technologies Pvt. Ltd. Ojus Power and Technologies Pvt. Ltd. Olam Information Services Private Ltd. Omega Techniks India Pvt. Ltd. Omnex India Pvt. Ltd. Open Source Webcare (P) Ltd. Operational Energy Group India Ltd. Orchid Pharma Ltd. Oren Hydrocarbons Pvt. Ltd. Orient Green Power Co. Ltd. Oriental Hotels Limited. Oriental Hydraulics Pvt. Ltd. Oriental Solutions Pvt. Ltd. Origin ITFS Private Limited

351. 352. 353. 354. 355. 356. 357. 358. 359. 360. 361. 362. 363. 364. 365. 366. 367.

P P K Power Appliances Private Ltd. P E Aristi Projects and Engineering Pvt. Ltd. P S Associates Paragon Polymer Products (P) Ltd. Paramount Shipping Services Pvt. Ltd. Parry Agro Industries Limited. Patel Mohan Ramesh & Co. Paterson Consulting Group Pvt. Ltd. Pavo Power Engineering Pvt. Ltd. Pentland India Trading Pvt. Ltd. Petrofac Engineering Services India Pvt. Ltd. Petronash Engineering Services Pvt. Ltd. Phoenix Legal Philips Electronics India Limited Pioneer One Consulting LLP Piramal Enterprises Limited PKF Sridhar & Santhanam

368. 369. 370. 371. 372. 373. 374. 375. 376. 377. 378. 379. 380. 381. 382. 383. 384. 385. 386. 387. 388. 389. 390.

PL Worldways Limited Polaris Consulting & Services Ltd. Portman India Private Limited Potent Management Solutions PPM Associates Prakash Foods & Feed Mills Private Ltd. Praxair India Pvt. Ltd. Precia Molen India Limited Precision Equipments (Chennai) Pvt. Ltd. Price Waterhouse Cooper Pvt. Ltd. Primefinity Software Pvt. Ltd. Prince Gold & Diamonds India Pvt. Ltd. Print Plus Priyam Industries & Engineering Pvt. Ltd. Proactive Solutech (India) Pvt. Ltd. Protech Consultants Pvt. Ltd. Protechsoft Systems Pvt. Ltd. Protechsoft Technologies Pvt. Ltd. Protection Eng ineer ing and Research Laboratories Prou India Engineering Private Limited Pro Vault Talent Solutions Pvt. Ltd. PSA PSL Limited. Q

391. QH Talbros Ltd 392. 393. 394. 395. 396. 397. 398. 399. 400. 401. 402. 403. 404. 405. 406. 407. 408. 409. 410. 411. 412.

R R K Swamy BBDO Private Ltd. R Subramanian & Co. R Sundararaman & Co. Radisson Radiators Raj Petro Specialities Pvt. Ltd. Rajshree Biosolutions LLP Ram E&I Systems Pvt. Ltd. Ramesh and Ramachandran Rane (Madras) Limited. Rane Brake Lining Limited. Rane Engine Valve Limited. Rane TRW Steering Systems Limited. Rattha Holding Company Pvt. Ltd. Raqmiyat Information Technology Pvt. Ltd. Raunaq Steels Trading Private Limited Redington (India) Limited Regal Interiors Private Limited Repute Infotech and Enterprises Limited. REV Consulting Reva Phoenix Engineers & Consultants India Pvt.Ltd. Revathi Equipment Limited

413. 414. 415. 416. 417. 418. 419. 420. 421. 422. 423. 424. 425. 426. 427. 428. 429. 430. 431. 432. 433. 434. 435. 436. 437. 438. 439. 440. 441. 442. 443. 444. 445. 446. 447. 448. 449. 450. 451. 452. 453. 454. 455. 456. 457. 458. 459.

RGN Price & Co. Rotork Controls India Private Ltd. Royal Sundaram Alliance Insurance Co. Ltd. RR Donnelley India Outsource Pvt. Ltd. RRB Energy Limited. Ruby Mahoharan Property Developers Pvt. Ltd. RVK & Co. Ryan Logitech Pvt. Ltd. S S Eshwar Consultants S Natesa Iyer & Co. S Venkatram & Co. Sagtaur Universal Saint-Gobain India Private Limited. Saipem India Project Private Limited Same Deutz Fahr India Pvt. Ltd. Samsung India Electronics Pvt. Ltd. Samvad Partners San Media India Limited Sanco Trans Limited. Sapcle Technologies Pvt. Ltd. Saravana Global Energy Ltd SAS Partners Corporate Advisors Pvt. Ltd. Sattva Logistics Pvt. Ltd. SB SB and Associates Schneider Electric Infrastructure Limited Schneider Electric Systems Pvt. Ltd. Schwing Stetter (India) Pvt. Ltd. Standard Chartered Global Busines Services Pvt. Ltd. Semanoor Software Solutions (P) Ltd. Semanoor Technologies (P) Ltd. Sengu and Paapu Associates Sensiple Software Solutions Pvt Ltd. Shardlow India Limited Shardul Amarachand Mangaldas & Co. Sharp & Tannan Sheng Long Biotech India Pvt. Ltd. Shiloh Industries Pvt. Ltd. Shilpa Stainless Pvt. Ltd. Shri Govindaraja Textiles Pvt. Ltd. Shriram EPC Limited Shriram Transport Finance Co. Limited Sign of Life Productions Simpson & Co. Limited Skanda IT Consulting Pvt. Ltd. Skyhigh Arts Pvt. Ltd. Skylift Cargo (P) Limited Sofgen India Pvt. Ltd.

ANNUAL REPORT 2017-18

460. 461. 462. 463. 464. 465. 466. 467. 468. 469. 470. 471.

475. 476. 477. 478. 479. 480. 481. 482. 483. 484. 485. 486. 487. 488.

Softeon India Pvt. Ltd. Solverminds Solutions & Technologies Pvt. Ltd. Spark Capital Advisors (I) Pvt. Ltd. SPI Cinemas Pvt. Ltd. Sri & Sri Associates Sri City (P) Limited Sri Krishna Sweets Srinivasan & Shankar Stahl India Pvt. Ltd. Standyne India Pvt. Ltd. State Bank of India Steinbach & Partner Executive Consultants India Pvt. Ltd. Stonecolour Exim Private Limited Stud India Subbaraya Aiyar Padmanabhan & Ramamani, Advocates Sundaram & Srinivasan Sundaram Asset Management Co. Limited Sundaram BNP Paribas Home Finance Limited Sundaram Clayton Limited Sundaram Finance Limited Sundram Fasteners Limited Super Auto Forge Private Limited Supreme Petrochem Limited Surana & Surana International Attorneys S V Global Mill Limited Swiss Garnier Life Sciences Switzer Process Instruments Private Ltd. Symbiotic Infotech Pvt. Ltd. Symrise Pvt. Ltd.

489. 490. 491. 492. 493. 494. 495. 496. 497. 498. 499. 500. 501. 502. 503. 504. 505.

T T A Taylor Pvt. Ltd. T S Gopalan & Co. T V Sundram Iyengar & Sons Limited. TAFE Access Limited. TANFAC Industries Limited Tata Consultancy Services Ltd Tebma Shipyards Limited Technology Associates Temenos India Private Limited Tenova India Private Ltd The India Cements Limited The Karur Vysya Bank Limited The Lakshmi Vilas Bank Limited The Ramco Cements Limited Thejo Engineering Limited Thomson Press (India) Limited Thyssenkrupp Industries India Pvt. Limited

472. 473. 474.

80 |

ANNUAL REPORT 2017-18

506. 507. 508. 509. 510. 511. 512. 513. 514. 515. 516. 517. 518. 519. 520. 521. 522. 523. 524. 525.

Tianjin Tianshi India Pvt. Ltd. Tidal Wave Infotech Private Ltd. Tide Water Oil Co. (I) Limited Tirupati Tradewing Pvt. Ltd. Tirwin Management Service Pvt. Ltd. Titanium Equipment and Anode Mfg Co. Limited ToCheungLee Stationery Mfg. Co. Ltd. Tonglit Autogistic Pvt. Ltd. Toshiba Machine (Chennai) Pvt. Ltd Tractors & Farm Equipment Limited Transcend India Impex Translink Logistics Pvt. Ltd. TransSys Solutions Pvt. Ltd. Treeline Business Solutions Private Limited Trivitron Healthcare Private Ltd. T T Logistics and Cargo Pvt. Ltd. TTK Protective Devices Limited Turbo Energy Limited TVS Logistics Services Limited TVS Motor Company Limited

530. 531. 532.

U Ucal Auto Private Limited Ultratech Cement Limited Uniphore Software Systems Pvt. Ltd. United India Insurance Company Limited (Regional Office) United India Insurance Company Limited Unity Forge Private Limited U Too Cabs Limited

533. 534. 535. 536. 537. 538. 539. 540. 541. 542. 543. 544. 545. 546. 547. 548. 549.

V V Ramachandran, Advocates V V Titanium Pigments Pvt. Ltd. VA Tech Wabag Limited. Vadim Infrastructure Pvt Ltd. Vaigai Agri Tech Vaishnavi Freight Logistics (P) Ltd. Valeth Hightech Composites (P) Ltd. Valiant Technologies Pvt. Ltd. Valmet Chennai Pvt. Ltd. Vanilla Holdings & Investments Pvt. Ltd. Ventura Technologies Network Pvt. Ltd. Ventureast Fund Advisors India Victor Grace & Co. Victoria Technical Institute Virgo Polymers (I) Limited Vistasoft India Pvt. Ltd. Vivid Edge Software Solutions Pvt. Ltd.

526. 527. 528. 529.

550. Voicesnap Services Pvt. Ltd. 551. Voltas Limited 552. V Vasumathy & Associates 553. 554. 555. 556. 557. 558. 559. 560. 561. 562.

W WABCO India Limited Walker, Chandiok & Co. Waves Telecom Pvt Ltd. Wavin India Limited Wheels India Limited Wil Car Wheels Limited William Hare (India) Pvt. Ltd. Winmeen Engineers Pvt. Ltd. Winsar Infosoft Pvt. Ltd. Wolters Kluwer ELM Solutions Pvt Ltd.

X 563. XS Real Properties Private Limited Y 564. Yazaki India Pvt. Ltd 565. Yalee Inc 566. Yes Bank Ltd. 567. 568. 569. 570.

Z Zamil Steel Engineering India Pvt. Ltd. Zeal Direct & Reinsurance Broking Services Pvt. Ltd. Zen Online ZRII Trust

AFFILIATED MEMBERS 1. Ambattur Industrial Estate Manufacturers Association 2. Army Welfare Placement Node 3. Asan Memorial College of Arts & Science 4. Asthagiri Herbal Research Foundation 5. ASSIST 6. Association of Multimodal Transport Operators of India 7. British Business Group Chennai Trust 8. Central Association of Private Security Industry 9. Crescent Business School 10. Dharmamurthi Rao Bahadur Calavala Cunnan Chetty’s Hindu College 11. Energy and Fuel Users’ Association of India 12. Golden Jubilee Biotech Park for Women Society 13. Good Shepherd International School 14. Great Lakes Institute of Management 15. Industrial Waste Management Association 16. Institute for Financial Management and Research

17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51.

Japanese Chamber of Commerce & Industry, Chennai KCG College of Technology Logistics Sector Skill Council Loyola-ICAM College of Engineering and Technology Loyola Institute of Business Administration Ministry of Foreign Affairs Denmark MOP Vaishnav College for Women MRK Institute of Technology Nani Palkhiavala Arbitration Centre R M K Engineering College Renewable Energy Harvesting Environment Network Association Saveetha Engineering College Seawaves Institute of Logistics Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya Sri Kanyaka Parameswari Arts & Science College For Women SRM University St. Joseph’s College of Engineering St. Joseph’s Institute of Technology T Stanes & Co. Ltd. The All India Chamber of Match Industries The Cocanada Chamber of Commerce The Karur Textile Manufacturers Exporters Association The Madras Electric Trades Association The Madras Piecegoods’ Merchants Association The Malabar Chamber of Commerce The Netherlands Business Support Office The Planters’ Association of Tamil Nadu The South India Sugar Mills’ Association The United Nilgiri Tea Estates Co. Ltd. The United Planters’ Association of Southern India Tuticorin Chamber of Commerce & Industry V Excel Educational Trust VIT University, Chennai VIT University, Vellore Waterfalls Institute of Technology Transfer

HONORARY MEMBERS The Chief Post Master General, Tamil Nadu General Manager, Southern Railway Chief General Manager, Chennai Telephones Chairman, Port Trust Chief Commissioner of Customs, Chennai Mr. C S Krishnaswami, Chennai

ANNUAL REPORT 2017-18

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

1868

1836 1837

1869

1838 1839 1840 1841 1842 1843 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859-60 1861 1862 1863 1864 1865 1866-67

82 |

Mr John Alves Arbuthnot Mr John Alves Arbuthnot Mr John Williams Dare Mr John Williams Dare Mr William Scott Binny Mr William Scott Binny Mr John Line Mr John Line Mr James Scott Mr James Scott Mr James Scott Mr John Utley Ellis Mr John Utley Ellis Mr J Ouchterlony Mr J Ouchterlony Mr J Ouchterlony Mr James Thomson Mr James Thomson Mr John Binny Key Mr John Binny Key Mr George Arbuthnot Mr George Arbuthnot Mr Henry Nelson Mr William Mc Taggart Mr William Urquhart Arbuthnot Mr J Ouchterlony Mr Joseph Goolden Mr James Scott Mr J Ouchterlony Mr James Scott Mr Robert Orr Campbell Mr Robert Orr Campbell Mr J Ouchterlony Mr John Binny Key Mr William Hamilton Crake Mr John Vans Agnew Mr Henry Nelson Mr Alfred John Byard Mr William Reirson Arbuthnot Mr William Reirson Arbuthnot Mr Robert Orr Campbell Mr William Hamilton Crake Mr Alfred John Byard Mr Henry Tolputt Mr Henry Tolputt Mr John Young Mr Alexander Forrester Brown

ANNUAL REPORT 2017-18

1870-71 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881-82 1883-84 1885 1886 1887 1888 1889-90 1891-92 1893-94 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1910-11 1912 1913

Mr Alexander Forrester Brown Mr William Reirson Arbuthnot Mr Alfred John Byard Mr John Charles Loch Mr Patrick Macfadyen Mr Robert Chillingworth Walker Mr Alexander Forrester Brown Mr Patrick Macfadyen Mr Clement Simpson Mr Patrick Macfadyen Mr Patrick Macfadyen Mr John Jones Mr Alexander Mackenzie Mr Alexander Mackenzie Mr Patrick Macfadyen Mr Clement Simpson Mr James Charles Shaw Mr John Alexander Boyson Mr George Gough Arbuthnot Mr S R Tumbull Mr S R Tumbull Mr D Rasbotham Mr J A Boyson Mr S R Tumbull Mr J A Boyson Mr G G Arbuthnot Mr G L Chambers Mr G L Chambers Mr G G Arbuthnot Mr G G Arbuthnot Mr S R Tumbull Mr S R Tumbull Mr E P Vans Agnew Mr G G Arbuthnot Sir George Arbuthnot Mr A J Yorke Mr A J Yorke Sir George Arbuthnot Mr H Scott Sir George Arbuthnot Mr A J Yorke Mr A J Yorke Mr V G Lynn Mr V G Lynn Mr Hugh Fraser Mr A D Jackson Mr A D Jackson Mr W B Hunter

1914 1915-17 1918-19 1920-21 1922 1923 1924-25 1926-27 1928 1929-30 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941-43 1944 1945-46 1947 1948 1949 1950 1951 1952-53 1954 1955 1956 1957 1958 1959 1960 1961 1962

Mr A D Jackson Sir Hugh Fraser Mr Gordon Fraser Mr C E Wood Mr Gordon Fraser Mr C E Wood Mr James Simson Sir James Simson Mr W Alexander Sir Gordon Fraser Mr C E Wood Mr T M Ross Mr C E Wood Mr K Kay Mr H F P Hearson Mr F Birley Mr K Kay Mr W M Browning Mr W M Browning Sir William Wright, O.B.E Mr F Birley Mr G A Bambridge Mr D M Reid, O.B.E Sir Gerald Hodgson Sir Robert Denniston Mr J Nuttal Mr C Elphinston Mr H S Town Mr W T Williams Mr H I Wonfor, C.B.E. Mr B W Batchelor Mr H I Wonfor, C.B.E. Mr H S Macqueen Mr H I Wonfor, C.B.E. Mr R E Castell, C.B.E. Mr T Rogers Mr J R Galloway Mr G N Noel â&#x20AC;&#x201C; Tod, C.B.E. Mr E J M Leigh Mr P Hadfield Mr E F G Hunter Mr R M King Mr B B Dod

1963 1964 1965

1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977-78 1979-80 1981-82 1983-84 1985-86 1987 1988 1989-91 1991-93 1993-94 1994-96 1996-98 1998-99 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2010 2010-2012 2012-2014 2014- 2016

Mr M J Edwards, O.B.E Mr D M Law Mr A M Murugappa Chettiar (till 31st October 1965) Mr A W Stansfeld Mr A W Stansfeld Mr John K John Mr E W D Jeffares, M.C Mr A M M Arunachalam Mr M E Bourcier Mr C P Featherstone Mr N S Bhat Mr A K Sivaramakrishnan Mr M M Muthiah Mr P D Whiteley Mr C D Gopinath Mr J K Clubwala Mr A Sivasailam Mr M K Kumar Mr K V Sitaram Mr N Sankar Mr M V Murugappan Mr Hari Eswaran Mr V Chidambaram Mr N Venkataramani Mr N Srinivasan (F&R) Mr L Lakshman Mr N Srinivasan (ICL) Ms Mallika Srinivasan Mr G K Raman Mr L Sabaretnam Mr N Ramachandran Mr K V Sheety Mr B Natraj Mr Murali Venkatraman Mr V Balaraman Mr A Sankarakrishnan Mr Arun Bewoor Mr Srinivasan K Swamy Mr T T Srinivasaraghavan Mr T Shivaraman Mr S G Prabhakharan

ANNUAL REPORT 2017-18

R.G.N. PRICE & CO.

Chartered Accountants Phone: Telefax: E-mail: Offices at:

28413633 & 28583494 28544569 price@vsnl.com Mumbai, Bangalore, New Delhi , Cochin, Quilon & Calicut

Ref. No.:

Simpson’s Building 861, Anna Salai Chennai 600 002

9th June 2018

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, 2018, 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 misstatement, 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 misstatement. 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 judgement, including the assessment of the risks of material misstatement 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 but not for the purpose of expressing an opinion on the effectiveness of the Chamber’s internal control. 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 appears from our examination of those books.

84 |

ANNUAL REPORT 2017-18

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 the best of our information and according 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 Balance Sheet, of the state of affairs of the Chamber as at March 31, 2018; b) In the case of Income and Expenditure Account, of the excess of income over expenditure for the year ended on that date. For R.G.N. PRICE & CO Chartered Accountants Sd/ A.R. Parthasarathy Partner M. No. 205702 FR No. 002785S

ANNUAL REPORT 2017-18

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

BALANCE SHEET AS AT MARCH 31, 2018 Schedule

As at March 31, 2018 Rs

As at March 31, 2017 Rs

SOURCE OF FUNDS General Fund

Total

81437460

74257327

81437460

74257327

APPLICATION OF FUNDS Fixed Assets

Gross Block

32713946

32118122

Less : Depreciation

11855502

12247165

Net Block Investments

20858444

19870957

58587381

51741220

Current Assets, Loans and Advances Sundry Debtors

266281

564508

Cash and Bank balances

382797

1195990

Other Current Assets

4761986

4018049

Loans and Advances

542686

495732

5953750

6274279

3962115

3629129

Less : Current Liabilities and Provisions Liabilities

Net Current Assets Total Notes on accounts

1991635

2645150

81437460

74257327

The schedules referred to above form an integral part of the Balance Sheet President

Vice President

Chennai 9th June 2018

86 |

ANNUAL REPORT 2017-18

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 M.No. 205702 FR No. 002785S

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2018 Schedule

Year ended March 31, 2018 Rs

Year ended March 31, 2017 Rs

INCOME Subscription

7684000

7409000

Entrance Fee

368500

393500

Fees for Certificate of Origin

4675547

4419671

Seminar Income

4805032

2508801

Interest on investments

3948949

4024200

Rental income

2934806

2795100

989055

1541013

25405889

23091285

10045642

9074421

3335018

2050568

4378592

5742246

466504

231640

18225756

17098875

Excess of Income over Expenditure for the year

7180133

5992410

Transfer to General Fund

7180133

5992410

Other Income

EXPENDITURE Employee Costs

Seminar Expenses Other Expenses

Depreciation

Notes on accounts

The schedules referred to above form an integral part of the Income and Expenditure account President

Chennai 9th June 2018

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 Sd/A.R. Parthasarathy Partner M.No. 205702 FR No. 002785S ANNUAL REPORT 2017-18

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

SCHEDULES FORMING PART OF ACCOUNTS As at March 31, 2018 Rs

As at March 31, 2017 Rs

SCHEDULE 1 GENERAL FUND

As per last Balance Sheet Add

88 |

Surplus from Income & Expenditure account transferred

ANNUAL REPORT 2017-18

74257327

68264917

7180133

5992410

81437460

74257327

ANNUAL REPORT 2017-18

Furniture and Fixtures Office equipment Computers Vehicles

Land & Development Freehold Buildings Electrical Installations

Decsription

FIXED ASSETS

SCHEDULE 2

63991 1390000 1453991 858167 858167

473578 531205 1393600 32713946

473578 467214 861767 32118122

2306158

2306158 2526888

5761727

2526888

19720790

Cost as at 31.3.2018

19720790

Cost as at 01.04.2017

Gross Block Additions Deletions

451335 467122 861765 12247165

2425124

2280093

5761726

Upto 31.3.2017

12000 1738 340837 466504

101711

10218

858167 858167

Depreciation For the Deletions Year

SCHEDULES FORMING PART OF ACCOUNTS

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

463335 468860 344435 11855502

2526835

2290311

5761726

Upto 31.3.2018

10243 62345 1049165 20858444

15847

19720790

22243 92 2 19870957

101764

26065

19720790

Net Block As at As at 31.3.2018 31.3.2017

(Figures in Rupees)

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

SCHEDULES FORMING PART OF ACCOUNTS

SCHEDULE 3 Investments Fixed Deposits with Sundaram BNP Paribas Home Finance Ltd Term Deposit held with Banks

As at March 31, 2018 Rs

As at March 31, 2017 Rs

5000000 53587381 58587381

5000000 46741220 51741220

15930 250351 266281

564508 564508

46849

5724

335948 382797

1190266 1195990

988467 3773519 4761986

1005367 3012682 4018049

314959 136427 91300 542686

315309 144967 35456 495732

2294550

1845297

347565 1320000

463832 1320000

3962115

3629129

SCHEDULE 4 SUNDRY DEBTORS (Unsecured- Considered Good) Debts Outstanding for a period exceeding six months Other Debts

SCHEDULE 5 CASH AND BANK BALANCES Cash and Cheque on hand Balance with Scheduled Banks on Current Account

SCHEDULE 6 OTHER CURRENT ASSETS (Unsecured- Considered Good) Interest accrued on Investments Advance Tax & Tax deducted at source

SCHEDULE 7 LOANS AND ADVANCES (Unsecured- Considered Good) Deposits Prepaid expenses Advance

SCHEDULE 8 LIABILITIES Sundry Creditors Subscription, Advertisement & Seminar Fees etc. received in advance Rent Deposit

90 |

ANNUAL REPORT 2017-18

THE MADRAS CHAMBER OF COMMERCE & INDUSTRY

SCHEDULES FORMING PART OF ACCOUNTS Year ended March 31, 2018 Rs

Year ended March 31, 2017 Rs

SCHEDULE 9 OTHER INCOME Interest others

133251

Advertisement Income

69100

74000

Miscellaneous Income

719954

1333762

Profit on sale of assets

200001 989055

1541013

9194670

7954387

Contribution to Provident & other funds

598928

879759

Staff Welfare

252044

240275

10045642

9074421

267250

304750

1345348

1742437

Printing & Stationery

491460

550825

Electricity Charges

332889

318677

Telephone Charges

131358

126244

Travel Expenses

132010

45752

Rates and Taxes

452282

371056

Repairs and Maintenance

688198

691352

Postage and courier

115964

105686

59195

99106

Audit Fee

50000

57500

Other services

20000

70150

515

125000

47500

192000

1000000

120138

66196

4378592

5742246

SCHEDULE 10 EMPLOYEE COSTS Establishment cost

SCHEDULE 11 OTHER EXPENSES Subscription to Associations Meeting expenses

Insurance Payment to Auditors

Reimbursement of Expenses Professional & Consultancy Expenses Rent Contribution to EFSI Corpus Fund Miscellaneous Expenses

ANNUAL REPORT 2017-18

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. 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. Building Electrical Installations Furniture & Fixtures Office Equipment Computers Vehicles

10% 25% 25% 25% 33% 25%

Investments : Investments are stated at cost. Retirement beneﬁts : Liability towards gratuity is based on actuarial valuation by LIC. Contribution towards Superannuation fund is maintained by LIC. All contributions are charged to revenue when due. With regard to leave encashment, provision is made on the basis of encashment of leave upto a maximum of 180 days at the time of retirement or reaching the age of superannuation calculated at the last drawn salary rates. 2.

Notes

a. Income Tax: The Income Tax Appellate Tribunal Chennai in its order dated 25th February 2016 has restored the registration of the Chamber under Section 12A of the Income- Tax Act 1961. The Income Tax Appellate Tribunal (ITAT) vide its order dated 31.10.2017 for the A.Y. 2012-13, has decided the appeal in the Chamber’s favour. The demand amount of Rs 11.39 lakhs in respect of A.Y.2014-15 is pending adjudication before the Appellate authorities. b. Previous year’s figures have been regrouped/ reclassified wherever necessary to conform to the presentation of current year’s accounts.

92 |

ANNUAL REPORT 2017-18