Global Business Summit 2023 Updates

Feb 18, 2023 20:02 PM


Nitin Gadkari, Minister of Road Transport and Highways, Government of India

Presently we are the fastest growing economy in the world. for any economic development infrastructure development is important

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Feb 18, 2023 19:54 PM


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Interdependence of human and technology — Unleashing the true potential of global economy

Human intelligence and the use of technology complement each other, and are equally important for the progress of the global economy.

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Feb 18, 2023 19:50 PM


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Exploring different dimensions of being a leader – Leaders are not born, but leaders are made

Delivering his keynote speech at the Global Business Summit 2023, Brigadier Aveen Chopra explored different spectrums of being a leader and the true meaning of leadership.

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Feb 18, 2023 19:40 PM


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Embracing disruptive technologies: Insights on emerging trends and business readiness in the Indian supply chain and logistics industry

Kapil Mahajan, the Global CITO for Allcargo group, highlighted that the pandemic has accelerated the adoption of disruptive technologies like Blockchain, IoT, AI, and Machine learning. 

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Feb 18, 2023 19:34 PM


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Revolutionising Air Mobility – Is it the Future?

Hiroyuki Murai, the Chief Strategy Officer at SkyDrive, unveiled the design of one of the commercial model flying car, the SkyDrive SD-05 while highlighting its exquisite features at the Global Business Summit 2023.

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Feb 18, 2023 19:29 PM


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Balancing the power equation in leadership

Only a very small portion of people, including those in politics, businesses, and society, are women.Only a very small portion of people, including those in politics, businesses, and society, are women.

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Feb 18, 2023 19:23 PM


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ET GBS 2023: Inspiring quotes from key speakers

Take a look at some of the most inspiring quotes that were said at the Economic Times Global Business Summit 2023.

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Feb 18, 2023 18:18 PM


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Navigating the new normal – Digitisation, Disruption, and Innovation

The western conception of disruptive innovation centers on the replacement of an existing good or technology with an improved or new one.

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Feb 18, 2023 17:48 PM


Rajat Jain, Founder, Spandan ECG

We are in the business of saving lives. It is important to reduce the complexity of operating the ECG machines, make it affordable for the masses, and deliver our services to the least accessible areas of the country as well.

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Feb 18, 2023 17:41 PM


Shilpa Rao, Singer

Its not only about working with the legends, but to have this sense of dialogue where you treat everyone equal. It inspires to be human being first. It is important to treat everyone with respect that what my profession has taught me over the years.

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Feb 18, 2023 17:40 PM


Tilak Mehta, Founder, PapersNparcels

Innovation is considered impossible until it is done. It is important to create and innovate. Ideas are no one’s monopoly. Critical to be accustomed to the changing customer demands and transform accordingly technologically.

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Feb 18, 2023 17:32 PM


Nouriel Roubini, CEO, Roubini Macro Associates, LLC, Professor Emeritus (2021-present), Stern School of Business, New York University

Last year, when yields in the US went from less than 1% to 3.5%, Bonds was 20%. You have to start putting your portfolio in the portfolio assets to do well if inflation is higher. I would put money into inflation index bonds that give you a higher return desire.

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Feb 18, 2023 17:25 PM


Ranveer Allahbadia, Founder, BeerBiceps, Co-Founder - Monk Entertainment, Level Supermind , BigBrainco

Youtube is going to be platform of the future fame. Social media is the way to go for marketing. One of three of career trajectory you can get through Youtube is acting, production and content creation. Data is helpful in predicting the type of product that is demanded.

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Feb 18, 2023 17:20 PM


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The energy conversation: Planting seeds of a green tomorrow: Expediting clean energy initiatives considering the global energy crisis

Global leaders now understand how crucial it is to achieve energy self-sufficiency in order to protect their economies and benefit the general public

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Feb 18, 2023 17:17 PM


Dr. Stefan Kaufmann, Former Hydrogen Commissioner, German Federal Government & Advisor, ThyssenKrupp

We are investing heavily in green hydrogen for our future energy requirements as we move out of fossil fuels completely. Both the German and Indian governments are investing in it to decarbonize the economy. Now is the time to work on technological openness and build infrastructure for green hydrogen. Think big and act fast.

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Feb 18, 2023 17:15 PM


Meenakshi Lekhi, Minister of State for External Affairs, Government of India

For me, 2014 was a landmark year. We made certain promises and worked on delivering them. India is celebrating Amrit Kaal, i.e. 75 years of independence. We must take stock of our economic progress and of course the downsides which are unachieved. Our potential is far greater and we need to continue to work toward achieving the dream of One India, Great India.

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Feb 18, 2023 17:07 PM


Curt Marvis, CEO and Cofounder, QYOU Media Inc

With over 1.2 billion total mobile phone users the number of smartphone users will continue to grow, bringing an increasing number of young Indians into the digital age with many predicting one billion smartphone users in India by 2026.

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Feb 18, 2023 16:50 PM


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Smarter, leaner, cleaner: Strategies for the future enterprise

Any organisation can achieve greater growth by combining investments in people, technological, and data capital, which together make a very powerful combination. 

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Feb 18, 2023 16:47 PM


Julian Nebreda, President & CEO, Fluence - A Siemens and AES Company

Energy storage unlocks the full potential of renewable energy by adding flexible capacity.

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Feb 18, 2023 16:45 PM


Feb 18, 2023 16:40 PM


Francois Ortalo-Magne, Dean and CEO, London Business School

What I don't see in this future world, is who is going to support academic research

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Feb 18, 2023 16:33 PM


Quentin Staes-Polet, Managing Director, Unreal Engine, International Operations, Epic Games

Creating content is super expensive, and our objective is, as a company, to collapse that costs using collaborative technology

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Feb 18, 2023 16:28 PM


Dr. Vishal Rao, Inventor, AUM Voice Prosthesis

We are giving voices back to society. Today, 144 countries are reaching out to us for giving voices back. We look into scaling this globally with the support of the govt. and recognize this as a disability. In this journey, I learned that this is the time for India, to create in India for the world.

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Feb 18, 2023 16:27 PM


Ben Driggs, President & CEO, Global High Growth Regions, Honeywell

We are trying to address both sides of the equation of energy conservation and energy transition. Today, most businesses estimate their emissions using a variety of assumptions. However, there is no real scoreboard that actually enables us to manage improvements.

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Feb 18, 2023 16:25 PM


Rajeev Chandrasekhar, Minister of State for Skill Development & Entrepreneurship and Electronics & Information Technology, Government of India

The demand, for talent in the tech space both in India and abroad, is at an all-time high and that is an area that we're very, very focused on.

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Feb 18, 2023 16:22 PM


Shantanu Naidu, Founder, Goodfellow

Always listen to Heartache. The best ideas are in the biggest problems. Experience everything through others’ eyes.

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Feb 18, 2023 16:18 PM


Rosie Rios, 43rd Treasurer of the United States, CEO - Red River Associates, Board Member – Ripple

Now, when I started, there was $35 billion in US currency circulation. When I left, there was almost $2 trillion in US currency in circulation.

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Feb 18, 2023 16:10 PM


Karuna Nundy, Advocate at the Supreme Court of India and International Lawyer

It’s important to bring policies that serve as remedies for any kind of inequalities, and harassment be it in any form. We need to address the inequalities and bring in a balance where everyone has equal rights no matter where they are coming from.

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Feb 18, 2023 16:04 PM


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Innovation and technology coming together to reconstruct and redefine railway network In India

"Prime Minister launched 5G in October 2022 and within the first 100 days, we have covered more than 200 cities" Ashwini Vaishnaw, Minister of Railways, Communications and Electronics & Information Technology, Government of India, said in the Global Business Summit 2023.

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Feb 18, 2023 15:37 PM


Michael Hickinbotham, Managing Director, Hickinbotham Group

Over the last century, India's consumption, tax, and spending base has grown.

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Feb 18, 2023 15:18 PM


Chris Sheldrick, Co-Founder and CEO, what3words

We see India as a great place to come and develop a system outside of the UK. We have integrated our systems with Mercedes-Benz, Tata Motors, TVS, and Mahindra.

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Feb 18, 2023 14:10 PM


Brigadier Aveen Chopra, Army Veteran

Leadership is instilled not through reading and skill acquisition, but through actual application.

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Feb 18, 2023 13:19 PM


Kaivalya Vohra, Co-founder and CTO, Zepto:

When we started people said there is no requirement for a 10 minute delivery but how people think and how they behave are two different things. One thing that we have done successfully is deliver on the time we promised.

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Feb 18, 2023 13:14 PM


Sandeep Varaganti, CEO, JioMart.com:

Pre-Covid, offline was going at a steady state and online was growing at a very fast pace. Post-Covid growth rates of both online and offline are high and at JioMart we are offering both. Both segments will triple in the next few years. Our long-term strategy will focus on both online and offline growth."

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Feb 18, 2023 13:10 PM


Shivani Poddar, Co-founder & CEO, FabAlley & Indya:

Technology has let companies like ours offer limitless options to the consumer irrespective of where he or she is. The product experience is now extremely personalized and brand building has to happen online.

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Feb 18, 2023 13:07 PM


Sudhakar Adapa, Founder & CEO, Commerzify:

Consumers today are spoilt for choice. Predictive analytics is the next big evolution. So instead of just delivering grocery in ten minutes can we predict and deliver consumer requirements? Technology has to aid us in tackling this challenge. Today you can't say I'm just a digital or just an offline brand. You have to be where the consumer wants you. An omni-channel strategy is non-negotiable.

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Feb 18, 2023 13:05 PM


Dr. Linda Yueh CBE, Economist and Author, and Adjunct Professor of Economics, London Business School

OECD countries, experienced higher inflation and slower growth in the 1970s than they are today. We are looking at recessionary environment today.

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Feb 18, 2023 12:55 PM


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“The strength of any society is the strong women in it,” Shaikha Jawaher Bini Khalifa Al Khalifa, Bahrain Royal Family

When women are empowered, they can participate fully in the workforce and contribute to economic growth.

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Feb 18, 2023 12:50 PM


Ria Mirchandani, Former Product Lead, WhatsApp Payments

It is very cool to be Indian right now. We are past the Slumdog millionaire days. From a tech perspective, we are quite leading the pack and innovating. Diversity inclusion and representation are massive, and we are embracing them in a great way today.

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Feb 18, 2023 12:45 PM


Angad Daryani, Founder & CEO, Praan

I push boundaries every day. The fact that we are talking about technology is driving everything today.

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Feb 18, 2023 12:40 PM


Karishma Mehta, CEO, Humans of Bombay

Our focus is to provide an opportunity for everyone to share their story and express themselves no matter what section of society they come from.

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Feb 18, 2023 12:35 PM


Sushant Divgikar - Rani (Ko-HE-Nur), Actor/Singer/Influencer/Social Activist

When we talk about inclusion, we have a vast culture. It has a place for every kind of human. We as transgender now have an opportunity to express ourselves and KoHEnur is for such people who want to express and change the norms of society.

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Feb 18, 2023 12:32 PM


Deepika Warrier, Chief Marketing Officer, Diageo India

I think everyone needs to overcome a lot of uncertainties and that is the first step. Walkers&Co aims to provide a platform for that kind of creators who are eager to express themselves, and also where equal representation matters.

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Feb 18, 2023 12:30 PM


Feb 18, 2023 12:29 PM


Nandita Das, Actor, Director & Activist

It is important to understand intellectually. No one really teaches us to be empathetic and decompassionate. Identity is something we all are talking about. It is critical to be compassionate and catch up with stories that challenge the norms of society.

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Feb 18, 2023 12:26 PM


Shweta Jain, Chief Business Development Officer, Luxury & Craft, Diageo India, Co-Founder, Walkers&Co

It’s important to push boundaries. Representation is important and so is diversity inclusion a vital factor. Diageo has created Walker&Co platform to inspire the next generation of creators.

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Feb 18, 2023 12:25 PM


Alexander MacDonald, Chief Economist, NASA in conversation with Dr Kiran Karnik – Author, and former President NASSCOM

In 2021, we witnessed around $15 billion of investment coming from private venture capital and private equity, but in 2022 we actually had about $6 billion, which is a 60% decrease in private sector investment.

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Feb 18, 2023 12:20 PM


Carl Pei, CEO & Co-founder, Nothing in conversation with Ajaya Sharma, Senior Editor- Markets, Anchor at Times Network

I think design is more of a strategic question because, as a young company with not a lot of resources, we have to differentiate ourselves somehow, right, and design is the lowest-hanging fruit.

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Feb 18, 2023 12:17 PM


Kapil Mahajan, Global Chief Information and Technology Officer, Allcargo Group

Our focus is on building predictive models that can direct the business to become more efficient. The change has to come from the business side. It's not always technology driven, it is driven by how consumers are responding.

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Feb 18, 2023 12:16 PM


Velina Tchakarova, Director of the Austrian Institute for European and Security Policy (AIES) and Founder of FACE for A Conscious Experience, Vienna, Austria.

As we first approach the first anniversary of the Russia-Ukraine war, it is critical to examine the consequences.

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Feb 18, 2023 12:12 PM


Sudha Reddy, Director, MEIL, Founder & Chairperson of Sudha Reddy Foundation

The challenges faced by women in Indian society are self-explanatory. I have developed skills that have helped me navigate through the challenges and make a mark in the industry. I believe in never stop learning and challenging myself.

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Feb 18, 2023 12:09 PM


Ritu Beri, Fashion designer

It’s not a gender thing but more of a personal thing. When I started in 1990, as a designer for a long time my peers would relate my success to my looks. We as women, need to empower ourselves and make our voices heard at workplaces as well as a homemaker.

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Feb 18, 2023 12:05 PM


Arundhati Bhattacharya, Chairperson & CEO, Salesforce India

There is a big opportunity to ensure balance. I think it’s a long journey. On that journey, it is important to involve all stakeholders be they, women, or men. The balance is important.

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Feb 18, 2023 12:05 PM


Feb 18, 2023 11:59 AM


Rekha Sharma, Chairperson, National Commission for Women

I would not say the shift in power but women demanding their rightful rights. When we talk about a power shift, power doesn’t mean going to work, it means even if she is earning or being home, she has a say and make a choice of her own. But this is changing as the mindset is evolving. This is a real shift in power change.

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Feb 18, 2023 11:56 AM


Her Royal Highness Shaikha Jawaher Bint Khalifa Al Khalifa, Member of Royal Family of Bahrain, Founder & Chairperson, Green Aventurine Holding L.L.C FZ

Women empowerment has a lot of different meanings and perspectives. I personally feel every household is empowered by a woman and that’s where it all started.

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Feb 18, 2023 11:55 AM


Feb 18, 2023 11:53 AM


Ashwini Vaishnaw, Minister of Railways, Communications and Electronics & Information Technology, Government of India

Logistics, commerce, and credit is going to be a major, major focus in 2023

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Feb 18, 2023 11:50 AM


Jacek Olczak, CEO, Philip Morris International

More than $10 billion has been invested in the resulting data, opinions, and commercializing research on our heated tobacco products and flows at non-clinical chemistry and current status, as well as over 400 peer-reviewed publications, book chapters, and supplements.

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Feb 18, 2023 11:40 AM


Here's what H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy, said on "India – UAE CEPA" at The Economic Times Global Business Summit 2023.

Feb 18, 2023 11:34 AM


H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy

UAE – India CEPA is India’s first bilateral deal with a country in the MENA region. The India – UAE CEPA is also the UDAE’s first-ever bilateral deal and the deal was sealed in a record short time of 88 days.

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Feb 18, 2023 11:30 AM


Anita Williams Woolley, Associate Dean, Research; Professor of Organizational Behavior and Theory, Tepper School of Business

To identify key concepts that have driven the effectiveness of organizations for decades, we're now seeing growth in information and connectivity and complexity, that are really demanding that structure organizations to be better able to adapt and to accomplish a wide variety of goals in contrast to times in the past, where we would structure an organization to accomplish very specific goals.

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Feb 18, 2023 11:03 AM


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Live updates from Taj Palace, New Delhi

The summit was attended by prominent leaders from across the globe ranging from industry leaders to top government officials.

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Feb 18, 2023 10:38 AM


Feb 17, 2023 21:40 PM


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ET Global Business Summit 2023: Key discussions from the event

The summit was attended by prominent leaders from across the globe ranging from industry leaders to top government officials.

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Feb 17, 2023 21:06 PM


Samir Jain, Vice Chairman & Managing Director, The Times Group

We have to applaud the Prime Minister on the way he has achieved every single project he has set out to do.

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Feb 17, 2023 20:35 PM


Narendra Modi, Prime Minister of India

Changing challenges into opportunities is what Indians are known for. Today, in 21st-century India, its capabilities are echoed in the Economic Times GBS which is a theme of Re-imagined Business and Re-imagined the World. The theme is relevant in today’s time.

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Feb 17, 2023 20:12 PM


Vineet Jain, Managing Director, The Times Group

The New India has its eye set on the new path filled with excitement and optimism. India stands out as a beacon of growth in the present times of uncertainties.

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Feb 17, 2023 19:48 PM


Harsha Bhogle, Cricket Commentator and Journalist in conversation with Dalip Tahil, Actor

My firm belief is sport will come through when we can get corporates and entrepreneurs to get into investing in new leagues

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Feb 17, 2023 19:42 PM


Geoff Allardice, CEO, ICC in conversation with Harsha Bhogle, Cricket Commentator and Journalist

Many are making a living from the game. All three formats are played and viewed in different ways, and there are different business models around the same.

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Feb 17, 2023 18:58 PM


Hans-Paul Bürkner, Global Chair Emeritus, BCG

I am optimistic about the future for which we would need to work hard. Looking at globalization, there have been ups and downs. The need is to re-evaluate supply chains continuously, efficiency, quality, and much more. I think it’s important for companies to re-evaluate risks and opportunities.

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Feb 17, 2023 18:27 PM


Jean-Pascal Tricoire, Chairman & CEO, Schneider Electric

We estimate the energy consumption of India can be tripled in the next 25 years. It will be required to be done right in the first go. The priority is to address the rising demand. Hydrogen will address a very specific part. In the past, energy was a topic of a few companies.

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Feb 17, 2023 18:14 PM


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ET GBS 2023: Nouriel Roubini lists out problems faced by the global economy

Nouriel Roubini, CEO, Roubini Macro Associates, LLC, Professor Emeritus (2021-present), Stern School of Business, New York University, took the stage at the Global Business Summit 2023 on Friday 17th of February, to discuss the global economic outlook.

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Feb 17, 2023 18:05 PM


Nouriel Roubini, CEO, Roubini Macro Associates, LLC, Professor Emeritus (2021-present), Stern School of Business, New York University

India is a strong economy and I believe it can become one of the prominent economies and countries. It is set to become a geo-economic and geo-political Asian power in the world.

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Feb 17, 2023 17:54 PM


Rosie Rios, 43rd Treasurer of the United States, CEO - Red River Associates, Board, Member – Ripple

The financial crisis triggered the worst recession since the Great Depression, which destroyed around 9 million jobs and shrank the economy by billions of dollars. The need of the hour was devising a new strategy with core principles that are comprehensive, forceful, and sustained responses.

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Feb 17, 2023 17:45 PM


Feb 17, 2023 17:33 PM


Bob Moritz, Global Chairman, PwC

India’s economy is positioned to take center stage if India can navigate the present challenges, can survive the headwinds that the world is currently facing. It needs to disrupt itself even more in terms of technology and innovations.

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Feb 17, 2023 17:30 PM


Feb 17, 2023 17:16 PM


Amitabh Kant, G20 Sherpa is LIVE NOW at Global Business Summit!

India’s G-20 presidency comes at a point in time when the world is facing several crises. Every challenge is an opportunity and India’s presidency will be decisive and action-oriented. What G-20 decides is critical. It is important as you need to drive SDGs, climate action, and other top priorities. From being an importer of fossil fuels to being an exporter of renewables is India’s narrative and it will reshape the history of the world.

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Feb 17, 2023 17:08 PM


Feb 17, 2023 17:07 PM


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“Today, we produce practically every genre of programming and movies,” Ted Sarandos, Co-CEO – Netflix

The Netflix CEO stated listed 3 essential metrics for growth of streaming platforms: viewer engagement, revenue, and profitability.

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Feb 17, 2023 17:00 PM


Ted Sarandos, Chief Executive Officer, Netflix is LIVE NOW at Global Business Summit!

With Netflix India, the ability to keep going and make great programming is something that I am proud of as the storytelling culture in India is phenomenal.

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Feb 17, 2023 15:16 PM


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Global Business Summit 2023: Live updates from Taj Palace, New Delhi

The summit will be attended by prominent leaders from across the globe ranging from industry leaders to top government officials.

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Feb 17, 2023 12:23 AM