New Delhi, India – FICCI Ladies Organisation (FLO), the women’s business wing of the Federation of Indian Chambers of Commerce & Industry (FICCI), hosted ‘The Vedanta of Business’ webinar with Anil Agarwal, Founder & Chairman, Vedanta Resources Ltd recently. The event’s main focus was the current government’s start of the disinvestment process, which needs to be accelerated for the country’s overall development. Ujjwala Singhania, President, FLO; Sunira Chamria, Past President, FLO, Kolkata; and FLO members from across India attended the webinar.
Pointing that most of the countries including the United Kingdom (UK) have gone in the process of disinvestment, Agarwal stated, “The disinvestment process helps all. The judiciary in India should also understand and help in the disinvestment process. The disinvested companies should be run as a trust.” India is a land of entrepreneurship with the advantage of location, young talent, natural resources, and the sea on three sides, Aggarwal added, “The process of self-reliance has grown and youth and startups with new ideas are taking the country to newer heights.”
He also mentioned, “India has the largest deposit of oil, gold, and minerals; it is high time to explore them, and especially the young and the women entrepreneur has to do it. Worldwide an average of 44 percent of women are entrepreneurs and head various companies, In India, it is still about 20 percent. It is time for women to come up as they are convincing and deliver.”
Speaking about philanthropy and how it will be the cornerstone of entrepreneurship in the coming years, he asserted, “Vedanta group has pledged 70 percent of its wealth to philanthropic activities. The profit of business must help society where it matters the most and there is nothing more than securing the health and future of our women and children. Our experience of Nand Ghars is showing the way in various parts of the country. Vedanta group is too big to have a family succession plan and nobody from the family is likely to succeed as no large company like Vedanta should have the family ownership.”
Elaborating on FLO, its presence, and mission to increase women’s participation in the mainstream economy, as well as praising Aggarwal’s leadership skills, Singhania said, “His story motivates us, the businesswomen as well as young leaders, to achieve their dreams.” She further concluded, “FLO has adopted over 130 villages across India to empower rural women. Most importantly, we are building a women-centric start-up ecosystem. Mr Anil Aggarwal’s support and guidance in these is much needed as Vedanta has been always working towards the welfare of the society.”
Image Source: FICCI Ladies Organisation