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“Biggest Challenge before Industry & Chambers is to fight against COVID” : Dr. Dilip Chenoy, Secretary General, FICCI

The biggest challenge before Industry and Chambers today, is to fight against COVID19. When COVID broke out in China, it adversely affected the supply chain in India said Dr. Dilip Chenoy, Secretary General FICCI while delivering the address as chief guest in IIF International Research Conference and Awards Summit 2020 on 29 September 2020 held in virtual mode. All chambers had to rethink strategies to reschedule their raw material and finished products coming from China in particular. Later once Lockdown started in India, the major challenge was to maintain essential services, pharmaceuticals, Medical equipments, foods and local products. Various help lines and helpdesks were setup throughout the country to maintain services and to bailout migrant labour. While referring to Unlock phases, Dr. Chenoy praised Government’s efforts to restart economy in a phased manner thereby restarting manufacturing processes, expanding credit lines, interest free loans and so and so forth.

Ambassador Deepak Vohra, while delivering Guest of Honour address on Sinophobia: Causes and Consequences, strongly warned against the Chinese aggression and blamed China behind COVID 2019 Pandemic. According to him, whenever Communist China faces severe domestic violence, it launches external adventures to divert attention. He made an comprehensive presentation comparing India and China. Ambassador Prof. Deepak Vohra, IFS is Special Advisor to Prime Minister, Lesotho, South Sudan, Sudan and Guinea-Bissau, AFRICA; Special Advisor, Ladakh Autonomous Hill Councils, Kargil and Leh, INDIA; Formerly Ambassador of India to Armenia, Georgia, South Sudan, Sudan, Poland and Lithuania; Honorary Professor, Indian Institute of Finance, INDIA

The liquidity of the firm’s stock in the secondary market affects the firm’s investment and choice of production process said Prof. Dr. Yakov Amihud (Ira Rennert Professor of Entrepreneurial Finance, NYU Stern School of Business, New York University, New York, USA) while delivering his Plenary Keynote address on “The Effect of Stock Liquidity on the Firm’s Investment and Production” According to him higher liquidity would lead to higher cost of capital which will in turn mean lower corporate investment and production processes which are less capital intensive.

Mr. Vikash Raj IIF Alumni 1996-98, currently, Head Business Analytics & Process Engineering, IDFC Asset Management Company, Mumbai, INDIA. advocated Experiential Analytics and Artificial Intelligence in business operations while delivering IIF Alumni Address.

Earlier, Prof. Dr. Yamini Agarwal (Director & Professor of Finance, IIF Business School – AKTU, INDIA & Associate Editor, Finance India, INDIA) welcomed all speakers, experts and participants while delivering her welcome address in the third day Inaugural Session.

The Conference was chaired and moderated by Prof. Aman Agarwal, Professor of Finance & Dean (IR) Indian Institute of Finance (www.iif.edu) and Executive Editor, Finance India – The quarterly journal of Finance (www.financeindia.org).

The conference hosted over 198 speakers from 41+ countries 78+ Cities, 85+ research Papers, 101+ Universities. The Three day Conference also hosted a Doctoral Colloquium, Book Release Ceremony, Summit Addresses and IIF Research Professor Award 2020.

The Third day of the conference was attended by over 250 global participants on Zoom, Facebook and Youtube from over 41 countries including USA, UK, Sri Lanka, Turkey, Canada, Indonesia, France, Germany, UAE, Singapore, India and others.