India Inc. discusses inclusive wealth creation in next decade
This thought provoking and insightful conversation debated how wealth creation can be a force for sustainable, inclusive change and equitable good for all stakeholders in the society and for the environment. Whether it's in the form of pure philanthropy or through business models which are inclusive in nature, the participants agreed that in the next decade, wealth creation will need to necessarily involve a deeper and continued commitment to equitable growth. It was also felt that long term shareholder value is inextricably linked to the ability of corporates and wealth creators to design services and lead movements that benefit broader societal and economic upliftment.
The call for inclusion and active philanthropic commitments by world's biggest business leaders has been in greater focus of late with recent developments such as Bill Gates and Warren Buffet's "The Giving Pledge" initiative, which involved convincing America's wealthiest to pledge their wealth for charity.
Amongst the attendees included prominent billionaire business leaders such as Mr.Shashi Ruia, Chairman - Essar Group, Ashwin Dani, Vice Chairman & Managing Director - Asian Paints, Virendra Mahiskar CMD - IRB Infrastructure and top corporate honchos including Sonjoy Chatterjee, Co-CEO, Goldman Sachs, Satya Bansal, India Head, Barclays Wealth, Dr. Gita Piramal, Business Historian, Niranjan Hiranandani, M.D., Hiranandani Constructions Ltd., Devita Saraf, Ex Director, Zenith Computers. The discussion was hosted by Menaka Doshi, Corporate Editor, CNBC-TV18.
Speaking about this initiative, Indrajit Gupta, Editor, Forbes India said "Through this initiative we've tried to highlight the changing role of businesses in society and how business leaders can show the way in constructively using their wealth. More so because the 100 Richest Indians have a responsibility perhaps a more onerous- to become role models of conscious capitalism, and this goes beyond just grafting notions of corporate social responsibility inside today's organisation"