CII Communique - October, 2010

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ContentsVolume 19 No. 10 October 201004 NEWSMAKERCII Mission to USA & CanadaThe CEOs mission to USA and Canada exemplifies ourdeep commitment to strengthening economic relations withNorth America.10 COVER STORYIndia’s Insurance Sector: Developing the Market,Improving Insurance PenetrationDespite tremendous growth over the past decade,India’s Insurance Sector is today at an inflexion point.CII’s 13th Insurance Summit debated the way forward inrecasting business models to align with sustainable growthobjectives.The 4th CII Health Insurance Summit deliberated on‘Collaborating to build a Foundation for Growth andSustainability.’19 SUSTAINABILITYDeveloping a Sustainability Framework for BusinessThe Business Leaders Programme emphasized thealignment of sustainable business with business strategy,to build both sustainability and business value.63 INDIA & THE WORLDEngaging with Latin AmericaAn 11- member multi-sectoral CII Business Delegation visitedLatin America to enhance ties with Brazil, Peru and Chile.23 PLUSAll our regular featuresWe welcome your feedback and suggestions. Do write to us atEdited, printed and published by Chandrajit Banerjee, Director General, CII, on behalf of Confederation of Indian Industry from The Mantosh Sondhi Centre,23, Institutional Area, Lodi Road, New Delhi-110003 Tel: 91-11-24629994-7 Fax: 91-11-24626149 Email: ciico@cii.in Website: www.cii.inPrinted at Lustra Print Process. B- 249 Naraina Industrial Area, Phase 1, New Delhi - 110 028 Registration No. 34541/79JOURNAL OF THE CONFEDERATION OF INDIAN INDUSTRYcommunique@cii.in2 | October 2010 Communiqué
newsmakerindia & the worldCII Mission toUSA & CanadaA HIGH-POWERED CII CEOsmission, led by Mr. Hari Bhartia,President, CII, and Co-Chairmanand Managing Director, JubilantOrganosys, accompanied Mr.Anand Sharma, Union Ministerof Commerce and Industry, India,on his official visit to USA andCanada, in September. The CEOsmet government and industryleaders in both countries to conveythe message of enhancing bilateraleconomic and trade relations.The delegation included Mr. Y CDeveshwar, Chairman, ITC Ltd;Ms. Preetha Reddy, ManagingDirector, Apollo Hospitals; Mr.Rajan Navani, ManagingDirector, Jetline Group;Mr. Phiroz Vandrewala,Executive Director andHead, Global CorporateAffairs, Tata ConsultancyServices; Mr. DeepKapuria, Chairman, Hi-Tech Gears; Mr K R LNarasimhan, ExecutiveVice President &Country Manager,Larsen & Toubro USA;Mr. H Sriram Iyer, Head,Anand Sharma, Minister of Commerce & Industry, IndiaHari S Bhartia, President, CII, and Co-Chairman and Managing Director, JubilantOrganosys, Marshall M Bouton, President, Chicago Council on Global Affairs,and Meera Shankar, Indian Ambassador to USANorth America Operations, ICICIBank Ltd.; Mr. Chandrajit Banerjee,Director General, CII; and MsKiran Pasricha, CEO, AspenInstitute India, and Deputy DirectorGeneral, CII.“The CEOs mission to USA andCanada exemplifies our deepcommitment to strengthening US-India and India-Canada economicrelations,” said Mr ChandrajitBanerjee, Director General, CII. “Themission underlines the importanceof the economic partnership Indiahas with both countries, which willcontribute to economic revival andjob growth.”USA20-22 September:Chicago andWashington DC.In Chicago, CII andthe Chicago Councilon Global Affairsjointly organized the‘2nd Annual US-IndiaBusiness OpportunitiesSummit’ which wasaddressed by MinisterSharma.Representative Jim McDermott, with Hari Bhartia, andChandrajit Banerjee, Director General, CIIRon Somers, President, USIBC, Steven Stewart, Director- PublicAffairs, Government Programmes, IBM, and Phiroz Vandrevala,Executive Director & Head, Global Corporate Affairs, TCS4 | October 2010 Communiqué
Page 4 and 5: india & the worldThe CII delegation
Page 6 and 7: india & the worldCII SME Business D
Page 8 and 9: cover storyS B Mathur, Secretary Ge
Page 10 and 11: cover storyneeds like basic banking
Page 12 and 13: cover storyA Vaidheesh; Dr. Naresh
Page 14 and 15: featuresustainabilityDeveloping a S
Page 16 and 17: accounting standardscorporate india
Page 18 and 19: aerospacesectoral synergiesOverview
Page 20 and 21: defenceRahul Chaudhary, Convenor, C
Page 22 and 23: competitivenesstowards excellenceCI
Page 24 and 25: leadershiptowards excellenceCII-Sur
Page 26 and 27: qualitytowards excellenceQuality in
Page 28 and 29: qualityFuture personal transport sy
Page 30 and 31: qualityGifu Autobody Company Ltd, N
Page 32 and 33: India Innovation Initiative -i3 Reg
Page 34 and 35: knowledge & innovation initiativesC
Page 36 and 37: development initiativesIt provided
Page 38 and 39: yiOn 25 September, Yi Erode organis
Page 40 and 41: eportglobal economic recovery. The
Page 42 and 43: eportBusiness Forums were also orga
Page 44 and 45: eportUzbekistanCII organised a meet
Page 46 and 47: eportLatin America & CaribbeanEngag
Page 48 and 49: eportthe frequency of such interact
Page 50 and 51: eportChandrajit Banerjee, Director
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EastRegionDistribution of Books to
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egionsand Chairman cum Managing Dir
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egionsSouthConnect 20108-9 Septembe
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egionsPricing Litigation issues in
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egionshas signed a MoU with Guidanc
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egionsDirector, Anjaleem Enterprise
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egionsRound Table on Supply Chain24
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CII Communique - October, 2010

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