To counter this imbalance, the next evolution of corporate giving must move away from fragmented philanthropy and shift toward strategic investments in underserved geographies. True impact is diluted when multiple organizations repeatedly fund the same communities, drawing a parallel to multiple people feeding a single individual while others elsewhere go hungry. By redirecting capital, corporate expertise, and long-term commitment to the country’s most vulnerable and isolated pockets, businesses can address deep-seated developmental gaps. This pivot ensures that corporate capital functions equitably, actively seeking out communities that have historically been left behind by mainstream development frameworks.

With institutional scale and substantial capital now secured, the future of corporate social responsibility lies in piloting scalable, evidence-based models that governments can later institutionalize. Instead of repeating isolated interventions, companies possess the unique capability to test innovative frameworks and build robust ecosystems in challenging environments. Real social transformation is ultimately achieved not by measuring the sheer volume of capital deployed, but by expanding the boundaries of development to include those who are still waiting to be seen.

#CSR #CSRIndia #CorporateSocialResponsibility #MCA #NationBuilding #ViksitBharat2047 #ViksitMaharashtra #SocialImpact #InclusiveDevelopment #DevelopmentSector #ESG #Sustainability #PublicPolicy #SDGs #NGO

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The discussions focused on strengthening digital banking ecosystems, enhancing cybersecurity frameworks and improving access to credit for MSMEs and other productive sectors. Emphasis was also laid on prudent expenditure management and austerity measures while ensuring resilience amid global economic uncertainties. M. Nagaraju highlighted the importance of robust grievance redressal mechanisms, strong governance standards and operational preparedness to keep the banking system resilient and aligned with the vision of Viksit Bharat 2047. During the meeting, the revamped Department of Financial Services website was also launched, offering improved accessibility, seamless navigation and information dissemination in more than 23 regional languages.

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The newly introduced seven-point agenda places a heavy emphasis on robust research, standardized impact assessment, and professional education. To bridge the gap between academic study and field practice, Dr. Chatterjee announced the launch of the Chatterjee National CSR Fellowship, which will select one academic and one professional contributor annually. Furthermore, to ensure CSR initiatives deliver sustainable and measurable results, he has initiated six regional consultations to develop a standardized National CSR Social Impact Assessment Template, known as NCAT. This framework will unify sampling methodologies and quantitative techniques across the country. Dr. Chatterjee also stressed the urgent need for specialized degree programs in CSR and ESG to build a qualified cadre of professionals, much like CAs in finance and MBAs in marketing.

In addition to academic and professional training, the roadmap highlights technological integration and creative problem-solving as core pillars of CSR 2.0. The agenda calls for the adoption of AI-driven monitoring tools to secure complete transparency and guarantee that project benefits successfully reach the last mile. Dr. Chatterjee urged organizations to break away from repetitive, traditional projects in education and healthcare, advocating instead for out-of-the-box thinking and innovative project designs capable of tackling modern, complex societal challenges.

Finally, the agenda outlines a strategic shift toward institutional synergy and alignment with national governance. Dr. Chatterjee stated that CSR must evolve alongside ESG and sustainability, treating these three elements as a unified trinity essential for modern organizational growth. Rather than working in isolated silos, corporate social responsibility initiatives are encouraged to supplement and actively leverage ongoing government programs. By aligning corporate efforts with the vast resources and scale of the state, the corporate sector can effectively contribute to significantly larger national development goals.

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Bengaluru, 19 May 2026: Spiritual leader Gurudev Sri Sri Ravi Shankar unveiled the official teaser of IIT: The Story of India’s Most Prestigious Educational Ecosystem, an upcoming non‑fiction book by Prabhat Kumar IRS, Chairman, Pan IIT Alumni India, at the Pan IIT Bangalore Summit 2026 at Taj Yeshwantpur, Bengaluru, on May 16. The summit brought together IIT alumni, students, startup founders, policymakers and industry leaders around the theme “Sovereignty in Technology.”

The book, to be published by HarperCollins India on 20 June 2026, documents the evolution of the IIT system from its early years after Independence to its current role in technology, entrepreneurship, research and public policy. Using the tagline “From Silicon Valley to Indus Valley”, it sets the IIT story in the wider context of India’s economic and social change.

The teaser was released during Gurudev’s address to an audience that included senior policymakers, corporate executives and IIT alumni from different batches. Gurudev extended his blessings to the IITs and their alumni, characterising them as contributors to nation‑building and stressing the need to combine technical capability with a concern for society.

The book traces the conversion of the former prison at Hijli, Kharagpur, into India’s first IIT in 1951 and follows the system’s expansion to 23 institutes and a global alumni base of more than 500,000. It looks at entrance examinations and coaching, academic and hostel life, research, career paths in India and overseas, entrepreneurship and startups. The material is aimed at IIT aspirants and their parents, current students, alumni and readers interested in the history and present role of these institutions. The narrative also touches on current debates around access, regional and gender diversity, mental health, and the movement of graduates between India and other countries.

The author positions the work as an updated account of IITs in the present decade. It builds on earlier books about IITs but extends the period covered to include newer campuses and recent policy and social changes. The book treats IITs as part of a broader public‑education project, describing how students from different backgrounds share the same classrooms and laboratories and how this has influenced both professional outcomes and public discourse. It also includes examples of alumni who have gone into areas such as social enterprise, climate and environmental work and public administration, in addition to corporate and startup roles. Written from the perspective of the current chairman of Pan IIT Alumni India, it combines data, institutional history and personal accounts to examine how the IIT network has developed since the 1950s and how it may evolve further.

“From the first campus at Hijli to 23 IITs and a global alumni network building Viksit Bharat 2047, the IIT story is not just about an exam or a degree. It is about how India chose to bet on knowledge, science and young people,” said Prabhat Kumar.

“As both an IITian and the chairman of the Pan IIT Alumni Association, Prabhat Kumar offers a vantage point in narrating the story of IIT – one of the world’s most influential technical education ecosystems,” said Sachin Sharma, Associate Publisher at HarperCollins India. “This book takes readers from Kharagpur, where it started, to Silicon Valley and major Indian startup hubs, where the impact of IIT alumni is widely visible.”

The teaser is available on the digital channels of Pan IIT Alumni India and the author. Pre‑orders have opened on Amazon, and the book will be available after publication through major online platforms and bookstores across India.

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The conference commenced with opening remarks by Mr. Sunil Mangla, Chair, Manufacturing Committee, PHDCCI, who highlighted that manufacturing remains one of the most important pillars of India’s economic transformation and contributes nearly 25 percent to the country’s GDP aspirations under the vision of Viksit Bharat 2047. He stated that India today possesses strong capital availability, world-class infrastructure, and a young skilled workforce, placing the country in an ideal position to emerge as a leading global manufacturing destination. Emphasizing the importance of quality manufacturing, he noted that the world today is not only seeking low-cost products but low-cost quality products, making globally accepted testing and certification systems increasingly critical for Indian industries. He further highlighted the need for manufacturing hubs, integrated supply chains, and collaborative industrial ecosystems to improve productivity, quality control, and competitiveness.

The Chief Guest, Smt. Nidhi Khare, Secretary, Department of Consumer Affairs, Government of India, while addressing the gathering said that India is entering a defining phase in its manufacturing journey and that building globally trusted manufacturing capabilities rooted in quality, innovation, safety, and sustainability will be crucial for achieving the vision of Viksit Bharat 2047. She emphasized that the future of Indian manufacturing lies not only in increasing production but also in integrating advanced technologies, smart manufacturing systems, and product lifecycle management to enhance global competitiveness. Stressing the importance of Quality Control Orders (QCOs) and robust standards, she noted that regulations should act as catalysts for manufacturing excellence, consumer trust, and fair trade practices. She also urged industry stakeholders to actively participate in standards formulation to ensure they align with India’s unique industrial and climatic conditions. Highlighting ongoing efforts to strengthen the country’s quality ecosystem, she shared that India is modernizing its testing infrastructure through faster methodologies, expanded laboratory networks, adoption of AI and robotics, and development of testing corridors to improve efficiency, scalability, and ease of access for industries. Citing sectors such as toys and footwear, she stated that quality-driven regulations have significantly boosted domestic manufacturing, exports, and the global acceptance of Indian products.

Mr. Anshuman Singhania, Co-Chair, Manufacturing Committee, PHDCCI, stated that quality and innovation will play a defining role in positioning India as a globally competitive manufacturing hub. He highlighted that customer-centricity, technological innovation, and sustainability have become essential pillars of modern manufacturing. Referring to advancements such as smart manufacturing systems and sensor-enabled technologies, he emphasized that Indian industry must adopt digital transformation, sustainability practices, and collaborative innovation to remain globally competitive. He further stressed that stronger partnerships between government, industry, academia, and technology institutions would be critical for accelerating manufacturing productivity and efficiency.

Speaking on the role of emerging technologies in reshaping industrial growth, Mr. Kunal Singhal, Co-Chair, Manufacturing Committee, PHDCCI, emphasized that AI is no longer a future concept but a present-day necessity capable of fundamentally transforming manufacturing efficiency, supply chains, and business competitiveness. Referring to ongoing global uncertainties and disruptions in supply chains, he highlighted the urgent need for India to technologically strengthen its manufacturing ecosystem and transition from serving domestic demand to becoming a major global supplier. He further stressed that India’s economic growth would accelerate through exports, innovation-led manufacturing, and the creation of entirely new industrial markets.

The conference also witnessed the launch of the knowledge report titled “India Manufacturing Imperative 2026-2035: Manufacturing Excellence – Building World-Class Manufacturing Capabilities for Tomorrow.” The report, prepared under the leadership of Ms. Satish Dev Jain, Chair of the Haryana Chapter, PHDCCI highlights India’s manufacturing aspirations, sustainability goals, industrial transformation priorities, policy recommendations, and strategic roadmap for strengthening global manufacturing competitiveness.

The inaugural session was further followed by technical sessions on Design for Manufacturing (DFM) and Value Engineering and Digital Transformation in Manufacturing, which focused on discussions around evolving manufacturing practices, technology adoption, efficiency enhancement, and innovation in the sector.

The conference concluded with a strong call for deeper collaboration between government, industry, academia, and technology leaders to create a globally competitive, sustainable, innovation-driven, and quality-focused manufacturing ecosystem aligned with India’s vision of becoming a developed economy by 2047.

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The Welcome Address was delivered by Mr. Mohit Luthra, Assistant Secretary General, PHDCCI, who welcomed the distinguished dignitaries, industry leaders, and participants and highlighted the importance of strengthening financial inclusion and investor participation for building a resilient and prosperous economy

The Chief Guest Shri Sudhanshu Trivedi, Hon’ble Member of Parliament, Rajya Sabha and National Spokesperson, BJP, while addressing the gathering, highlighted India’s remarkable economic transformation under the leadership of Hon’ble Prime Minister Shri Narendra Modi, stating that India has emerged as the world’s 4th largest economy, 4th largest stock market, 3rd largest automobile manufacturer, and the global leader in digital transactions, contributing nearly 49% of all digital transactions worldwide through UPI. Emphasising the success of Jan Dhan Yojana, DBT and digital inclusion, he noted that over 56 crore Jan Dhan accounts have been opened, enabling direct transfer of benefits and significantly reducing leakages in welfare delivery. He underlined the exponential rise in Demat accounts from 2.2 crore in 2014 to over 21 crore today, reflecting deepening financial inclusion across districts and smaller towns. Shri Trivedi also highlighted India’s growing global stature in manufacturing, defence production, exports, semiconductors, electronics, startups and infrastructure development, citing investments by global companies such as Foxconn, Samsung and Google. Referring to India’s increasing role in global growth and geopolitical trust, he stated that the world now sees India not merely as a superpower, but as a “world friend and world guru” capable of motivating and guiding the global community. He further cautioned against divisive narratives based on region, language and identity, stressing the need for national unity to sustain India’s economic rise and achieve the vision of Viksit Bharat by 2047.

Mr. Deepak Ranjan, Director (Financial Markets), Department of Economic Affairs, Ministry of Finance, in his address highlighted that the Government of India’s ongoing efforts to strengthen transparency, accountability, and efficiency in India’s financial regulatory framework through the proposed Securities Market Code. He noted that the reform aims to consolidate the existing SEBI Act, Securities Contracts Regulation Act, and Depositories Act into a single, comprehensive legislation, thereby streamlining the regulatory architecture of India’s capital markets. Emphasizing the importance of consultative policymaking, he stated that the new framework seeks to institutionalize greater stakeholder participation, periodic regulatory reviews, and a more transparent rule-making process to ensure that India’s securities market ecosystem remains robust, responsive, and globally competitive.

While addressing the gathering Ms. Shashi Kajle, Director (Financial Markets), Department of Economic Affairs, Ministry of Finance, talked about India’s rapid transformation into a globally significant financial and economic powerhouse, driven by inclusive capital markets, digital public infrastructure, and expanding retail participation. She noted that India’s market capitalization has grown to nearly USD 5 trillion, supported by over 21 crore demat accounts, rising mutual fund participation, and strong fintech adoption, reflecting a major shift towards formal and long-term wealth creation. She further emphasized the role of digital initiatives such as Jan Dhan, Aadhaar, mobile connectivity, and UPI in deepening financial inclusion across the country. Stressing the importance of investor trust, transparency, and wider participation, particularly among women, MSMEs, and young investors, she underlined that India’s capital markets are increasingly emerging as instruments of entrepreneurship, innovation, and national development. She also highlighted the growing significance of GIFT City in strengthening India’s integration with global financial markets and supporting the country’s long-term vision of inclusive and sustainable economic growth.

Dr. D K Aggarwal, Former President, PHDCCI, highlighted India’s emergence as a rapidly growing economic powerhouse, stating that the country is on track to become a USD 20 trillion economy by 2047, with capital markets expected to play a transformative role in wealth creation. Emphasizing the theme of democratizing wealth creation, he noted that advancements in digitalization, financial innovation, and regulatory reforms have made investments increasingly accessible to common households through products such as mutual funds, SIPs, ETFs, bonds, and fractional ownership platforms. He further underlined the strong investor protection framework established by regulators, which has significantly enhanced trust and safety in Indian markets. Highlighting the remarkable long-term growth potential of Indian equities, he expressed confidence that India’s capital markets would continue to expand rapidly, creating unprecedented opportunities for inclusive and sustainable wealth creation.

While addressing the masses Mr. Pradeep Ramakrishnan, Executive Director, IFSCA, talked about the extraordinary evolution of GIFT City into a globally emerging international financial hub, reflecting India’s growing prominence in the international financial ecosystem. Emphasizing the vision behind the development of GIFT-IFSC, he noted that the centre was established to create a world-class financial and business environment comparable to leading global financial destinations. He further shared that GIFT-IFSC today hosts over 1,500 registered entities across international banking, capital markets, insurance, fintech, investment funds, and foreign universities, while steadily strengthening its position as a strategic gateway for global capital flows, innovation, and next-generation financial services.

Mr. Narinder Wadhwa, Co-Chair, Capital Market & Commodity Market Committee, PHDCCI, in his closing remarks said that despite global political uncertainties and tensions in West Asia, India’s growth story remains strong and resilient. He emphasized that financial inclusion is the need of the hour and highlighted the importance of converting savers into investors and citizens into stakeholders in India’s economic growth journey. He also shared that the convention would further deliberate on emerging opportunities across various market segments and asset classes.

The session was moderated by Mr. B. K. Sabharwal, Chair, Capital Market & Commodity Market Committee, PHDCCI, who facilitated engaging discussions on strengthening investor participation, expanding financial literacy, and leveraging capital markets as a catalyst for inclusive economic development.

The convention concluded with a strong call for enhancing financial literacy, encouraging wider retail participation, and building globally competitive capital markets that support India’s vision of becoming a developed economy by 2047. The deliberations reflected a shared commitment towards creating a transparent, resilient, and inclusive financial ecosystem for sustainable wealth creation.

During the convention, PHDCCI also launched the Knowledge Report titled “Profit Pool Analysis for Selecting Emerging Industries and Stocks in India”, providing key insights into emerging sectors, investment trends, and future growth opportunities in the Indian economy.

The inaugural session was followed by panel discussions on Investment During Uncertain Times: Opportunities and Challenges for Wealth Creation and Investment, Empowerment and Financial Inclusion through various Asset Classes. Distinguished speakers included Mr. Gurmeet Chadha, CIO & MD, Complete Circle; Mr. Ashu Madan, MD, JM Financial Services; Mr. Kunal Saraogi, SEBI Registered Research Analyst; Dr. Sharad Kohli, Tax Guru, Founder & Chairman, KCC Group; Dr. Neha Singh, Editor, DRS Insights; Mr. Ankur Jalan, CEO, Golden Growth Fund; Mr. Jayendra Malhotra, Senior Economist; Mr. Puneet Agarwal, Element One Alternatives; Dr. Ravi Singh, Chief Research Officer, Master Trust Ltd. & Mr. Sanjeev Gupta, MD, NEXGEN Financial Solutions.

The event witnessed enthusiastic participation from representatives of government bodies, regulatory authorities, stock and commodity exchanges, market intermediaries, law firms, financial institutions, academia, and industry associations. Interactive technical sessions and panel discussions enabled meaningful exchange of ideas and recommendations for strengthening India’s financial architecture.

The Convention was supported by Globe Capital as the Presenting Partner; MSEI as an Exchange Partner; NSDL as Depository Partner; Wealth Discovery as the Associate Partner; Choice Broking, Dhan, Jainam Securities, SMC Capital, Steel City Securities, Starfinvest & SMIFS Ltd. as Co- Partners; Findoc, Agroy, Nexgen & Golden Globe Fund as Supporting Partners, Anand Rathi as the Logo Partner & The CPAI as the Association Partner.

The convention was attended by more than 250 delegates and reaffirmed the critical role of robust, transparent, and inclusive capital and commodity markets in shaping India’s growth story. The enriching discussions on investor participation, regulatory reforms, technological advancements, financial literacy, market resilience, and the expanding role of India in global financial markets provided meaningful direction for the future.

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The agreement was signed by A.K.R. Saravanabhavan, Unit Head (Learning & Development), NLCIL, and S. Amirthavalli, Director, NPTI, in the presence of senior officials from both organisations.

The collaboration will offer a one-year, job-oriented Post-Diploma course in Power Plant Engineering for Project Affected Persons and unemployed youth of Cuddalore district, enhancing employability and supporting the vision of Viksit Bharat 2047.

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A Letter of Intent (LoI) has been exchanged between the Ministry of Skill Development and Entrepreneurship, Government of India, and the Government of the French Republic to formalize collaboration on establishing the Centre under PM-SETU, building upon the India–France Strategic Partnership and the Memorandum of Understanding signed in 2025 in the field of skill development and vocational education and training. The proposed collaboration includes co-designed curricula, structured training-of-trainers programmes, joint programme reviews, exchange initiatives, language training and structured mobility pathways, along with cooperation in aeronautics, space and allied domains, pending a detailed agreement to operationalize the initiative. With a total outlay of ₹60,000 crore, PM-SETU aims to upgrade 1,000 Industrial Training Institutes (ITIs) nationwide by modernising infrastructure, aligning curricula with industry demand and improving employability outcomes; in addition to the Kanpur aviation-focused Centre, proposed National Centres of Excellence at Ludhiana, Hyderabad, Chennai and Bhubaneswar will address regional industrial priorities such as advanced manufacturing, emerging technologies and high-growth service sectors, reinforcing India’s skilling architecture and advancing the vision of Viksit Bharat 2047 through high-quality, industry-integrated vocational education and training.

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The Group comprises senior officials and distinguished representatives from government, academia, industry and professional bodies, including Shantanu Mitra, Sanjay Shorey and Balamurugan D from the Ministry of Corporate Affairs, Prof. Harpreet Kaur of National Law University Jodhpur, Ashish Kumar Chauhan of the National Stock Exchange of India, Ajay Bahl and Bahram N. Vakil of AZB and Partners, P. R. Ramesh, Prof. M. P. Ram Mohan of IIM Ahmedabad, Prof. Vasanthi Srinivasan of IIM Bangalore, Pavan Kumar Vijay, Rahul Matthan and Dr. Pankaj Dikshit, along with representatives from ICAI, ICSI, ICMAI, CII, FICCI and ASSOCHAM. The School of Business Environment at IICA will serve as the Secretariat to the Advisory Group. In addition, IICA has signed a Memorandum of Understanding with the Ministry of Corporate Affairs to undertake a comprehensive research study titled Re-envisioning Ease of Doing Business for Viksit Bharat 2047, aimed at generating evidence-based recommendations to support policy innovation and administrative reforms.

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