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Adoption of global standards will improve productivity, says Vice President

Wednesday, December 28, 2016
By Dominic Rebello

(L-R) Vijay Kalantri, Vice President, World Trade Centre, Mumbai, Vice President, Hamid Ansari and Kamal Morarka, President, WTC Mumbai during the 6th Dr. M Visvesvaraya Memorial Lecture at World Trade Centre in Mumbai yesterday.

“The global technology standard has become the source of core competitive edge for industrial development. Compatibility of products and services to global standards enhances India’s access to global market,” said M. Hamid Ansari, Vice President of India, while delivering the 6th M. Visvesvaraya Memorial Lecture on ‘Enhancing Indian Productivity: Role of Indian Standards’ at World Trade Centre Mumbai yesterday.

The lecture series, which commenced in 2009, was instituted to commemorate the outstanding contributions of Bharat Ratna Dr. M. Visvesvaraya who envisioned MVIRDC World Trade Centre Mumbai.

“The global standard process must be transparent enough for the interested parties to understand better potential competitive effects of particular standards. The basic question is whether individuals, companies, and governments are prepared to participate in the complex, multi-disciplinary world of global stand­ardization. Competition in this field can be brutal if adequate preparation is lacking. Our industry needs to prepare better and in the process expand its global reach, Ansari suggested.

In his welcome address Kamal M. Morarka, Chairman, World Trade Centre Mumbai said, “World Trade Centre Mumbai is committed to the vision of Dr. M. Visvesvaraya to promote India’s international trade and support innovation in industry. Trade is very important for India in a liberalised economy.
Earlier, the trend was aid; now the trend is trade. Trade is bilateral. World Trade Centre Mumbai received around 60 delegations last year. We must grow trade with exchange of information and this would enhance competitiveness.”

During the event, Ansari conferred the WTCA Award of Honour on Rajashree Birla, Chairperson, Aditya Birla Centre for Community Initiatives and Rural Development. The award is presented to eminent Indian business leaders or organizations that best represent World Trade Centers Association’s vision of peace and stability through trade. Some of the recipients of this award in the past include Sir Ratan N. Tata, Chairman, Tata Group, Aditya Puri, MD, HDFC Bank, Bharat Taparia, Chairman, Bombay Hospital Trust and so on.

Birla received this award for creating a difference in the lives of millions of people through her exemplary contribution to social work under Corporate Social Responsibility, both in India and abroad.

“India is a great economy with great people and it has ample growth potential. It is delighting to note that the network of World Trade Centers is expanding in India. World Trade Centre Mumbai is a pioneer (in India) in linking Indian business community with the network of 330 World Trade Centers across the world. World Trade Centers Association is committed to create more jobs, enhance investment and improve the competitiveness of the Indian economy,” said Ghazi Abu Nahl, Chairman, World Trade Centers Association, New York.

Vijay Kalantri, Vice Chairman, World Trade Centre Mumbai, proposing vote of thanks for the event, said, “We express our gratitude to M. Hamid Ansari, Vice President of India for visiting World Trade Centre Mumbai and delivering the memorial address. Let us hope the Indian industry adopts the global standards for products and services and thereby improve its competitiveness in the international market.”

Other dignitaries who attended the event include Sharad Upasani, Vice Chairman, World Trade Centre Mumbai and Capt. Somesh Batra, Vice Chairman, World Trade Centre Mumbai.

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