Thu. Jul 25th, 2024

365Telugu.com online news,June 26th,2024:CII Telangana organized the 6th edition of its flagship CFO Conclave with the theme “Resilience, Reinvention and Reimagination: The CFO’s Role in a New Era” on 26 June 2024 at Hyderabad.

The CFO Conclave’s Inaugural Session was addressed by few industry leaders from the finance sector in Telangana.

While addressing the Conclave, Dr Jayesh Ranjan, Special Chief Secretary, Industries & Commerce, ITEC Departments, Government of Telangana highlighted the strategic role of CFOs in regional economic development. “From investment perspective, incentives are important, but the broader context in which a business operates often holds greater value.” 

he said, emphasizing the importance of a holistic approach to business incentives and long-term sustainability. Dr Ranjan’s speech focused on the non-monetary benefits of investing in Telangana, such as improved quality of life and robust infrastructure.

Mr D Sai Prasad, Chairman, CII Telangana & Executive Director Bharat Biotech International Ltd underscored the importance of the CII CFO Forum as a platform for finance professionals to exchange strategies and insights.

“As stewards of financial integrity, CFOs incorporate new strategies, technologies, and ethical practices, ensuring sustainable growth across industries,” he stated. Mr Prasad highlighted the strategic goals of CII Telangana, including achieving a $1 trillion economy by 2047, and stressed the pivotal role of CFOs in navigating complexities and driving progress.

Mr M V Narasimham, Convenor, CII Telangana Ease of Doing Business Panel (EoDB) & Dy. CFO, Dr Reddy’s Laboratories Ltd., welcomed attendees and emphasized the evolving role of CFOs in navigating economic challenges.

“Resilience goes beyond mere survival; it requires a proactive approach to anticipate challenges, mitigate risks, and capture opportunities while maintaining integrity and trust,” he noted.

He outlined the sessions of the conclave, covering themes from boardroom resilience to financial transformation through AI, and emphasized the importance of transparency and proactive risk management.

Mr Rajesh Kumar, Chief General Manager, State Bank of India highlighted the transformational role of CFOs as visionary strategists. “India emerged resilient from the pandemic, with a real GDP growing at the fastest pace among major economies,” he stated.

Mr Kumar emphasized the importance of integrating ESG principles into financial decision-making to create sustainable and inclusive growth, calling for a forward-thinking approach in navigating the future.

He also mentioned about ‘SME Digital Business Loans up to Rs 5 crores’ with the aim of sanctioning loans in real time based on GST history.

Mr R S Reddy, Vice Chairman, CII Telangana & Managing Director, Rachamallu Forgings Pvt. Ltd. In his concluding remarks, emphasized on the sector’s resilience and the importance of continuous reinvention.

“The resilience and adaptability of the MSME sector are crucial for our economy. With initiatives like quick business loans and dedicated support programs, we are paving the way for a robust and dynamic economic future,” said Mr Reddy.

He praised the innovative solutions being introduced and expressed optimism for the future, highlighting the significant role of finance professionals in driving economic growth.

The Conclave was well attended by key speakers and delegates from around the southern region.

Also read :Udyog Plus emerges as a strong MSME lending platform

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