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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In a move to strengthen infrastructure and governance, the celebration saw the launch of “Airawat Outdoors” for MICE tourism and the unveiling of modernized procurement and Sound & Light show manuals. The Ashok Institute of Hospitality was officially repositioned as IHM Ashok to align with the national framework, while new gift vouchers and refurbished facilities at Hotel Samrat were introduced to enhance revenue streams. Additionally, a partnership with NITI Aayog teased the “Chalo India with Eric Ji” campaign to promote Mizoram’s tourism.

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Addressing the gathering, Shri Jayant Chaudhary paid tribute to Chaudhary Ajit Singh ji on his birth anniversary, emphasizing the importance of rural India’s entrepreneurial spirit and youth potential. He highlighted initiatives like SOAR—Skilling for AI Readiness—and encouraged youth to participate in regional and national skill competitions such as IndiaSkills, which offer pathways to international recognition. The Minister underscored the significance of platforms like Kaushal Mahotsav in bridging the gap between talent and industry, and reiterated the government’s commitment to expanding such events nationwide. Supported by the National Skill Development Corporation and aligned with broader reforms like PMKVY 4.0, NAPS apprenticeships, and the modernization of ITIs under PM-SETU, these efforts aim to build a skilled, confident, and future-ready workforce aligned with India’s vision of Viksit Bharat 2047.

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Mumbai, 9th February 2026: Vivekanand Education Society’s College of Arts, Science and Commerce (VESASC) organized a Multidisciplinary National Conference on “Transforming India through Research and Innovation: A Roadmap to Viksit Bharat 2047” under the aegis of PM-USHA and in collaboration with the VESASC Alumni Association. Anchored in the national vision of Viksit Bharat 2047, the conference focused on holistic development, inclusive growth, sustainability, digital empowerment, and active citizen participation as India moves towards becoming a developed nation by the centenary of its independence.

The keynote address by Prof. Varadraj Bapat from the Shailesh J. Mehta School of Management, Indian Institute of Technology Bombay, traced India’s economic legacy while underscoring the need for future-ready research, urging scholars to leverage strengths such as entrepreneurship, MSMEs, savings culture, remittances, and emerging sectors including defence exports to solve local challenges with global relevance. A panel featuring Shri Sunil Kishanchandani (Senior Mathematics Educator and Academic Consultant), Prof. Ajay Trivedi of Parul University, Prof. D. C. Kothari from University of Mumbai, and Mr. Sai Prakash Mangipudi (Advisor and Consultant, ESG and Sustainability) examined inclusive growth, NEP 2020 implementation, AI and nanoscience, sustainability-led development, and good governance. Research presentations across Science, Commerce, and Humanities reinforced these themes through discussions on sustainability, digital transformation, financial inclusion, green technologies, and socially relevant research, highlighting the power of interdisciplinary collaboration in nation building. Leaders from VES Trust reaffirmed their commitment to engaging Gen Z through education and innovation, while the valedictory address by Prof. Suhas Dhande of Chameli Devi Institute of Professional Studies emphasized the critical role of youth in advancing the Viksit Bharat vision.

Speaking on the occasion, Anita Kanwar, Principal, Vivekanand Education Society’s College of Arts, Science and Commerce (VESASC), said, “This conference reflects our belief that meaningful national progress emerges when disciplines work together. By encouraging research that is locally relevant yet globally informed, we aim to nurture thinkers and innovators who can translate knowledge into impact. At VESASC, we are committed to creating platforms that empower young minds to contribute thoughtfully to India’s journey towards Viksit Bharat @ 2047.”

With 165 participants and a total of 61 offline and 30 online paper presentations, the conference witnessed strong academic engagement and vibrant interdisciplinary dialogue, reinforcing VESASC’s role as a catalyst for research-led innovation aligned with India’s long-term vision of inclusive, sustainable, and knowledge-driven development.

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This initiative aligns with India’s broader goals of Atmanirbhar Bharat, Sahakar se Samriddhi, and Viksit Bharat 2047, promoting cooperative entrepreneurship and sustainable transportation solutions. Under the proposed plan, Bharat Taxi services are expected to start at various airports including Rajkot, Vadodara, Surat, Bhuj, Pune, Aurangabad, Varanasi, Kanpur, Prayagraj, and Agra, significantly improving last-mile connectivity and passenger convenience across these regions.

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