Thursday December 7, 2017

8:00 AM IST

Speaker(s) Name

Multiple Speakers


Taj Tashi Hotel, Samten Lam, Thimphu, Bhutan

IMA India's Twenty First Annual CEO Roundtable







Thursday, December 7, 2017

Registration and Coffee

At the Sir Ugyen Dorji Hall, Taj Tashi | 6:15 pm

Raise a toast to the coming weekend – and commitment to leading growth in volatility – in the company of peers and friends from across the country.

Note: Delegates are requested to check in after dinner. Baggage will be transferred to rooms at Terma Linca, Druk and Taj Tashi by hotel staff. Baggage should be tagged before departure from India with identification tags sent by IMA

Signs of the Times: Joining the Dots in a New Phase of Growth | 6:30 pm – 8:00 pm

Adit Jain, Chairman and Editorial Director, IMA India

Over the past few months, the global environment has both challenged and comforted. The rise of nationalism personified in the Trump administration in the United States and Brexit in the United Kingdom have been tempered with moderation and libertarian values in France. Whilst the global economy is chugging along, risks remain. In India too, there are challenges specifically on account of a stressed banking system and weak investment. Business managers need to be cognisant of challenges but also crucially, of emergent opportunities that will present themselves over the coming 18-24 months. In his opening remarks, Adit Jain, among India’s most incisive economic commentators, will pick a series of trends both global and domestic to provide a commentary on economic and business issues. In his characteristic, prescient style, he will attempt to knit together emerging scenarios that will impact the operating and business environment. 

Cocktails and Dinner | 8:00 pm 

Winter in the Himalayas is breathtaking – join the opening dinner of the Roundtable amidst twinkling lights and roaring log fires to remember anew amongst friends and well wishers that all said, life is good.

Note: Dinner will be hosted at the courtyard next to the conference hall directly after the session.

Friday, December 8, 2017

Skilling and Entrepreneurship: Re-imagining India | 8:30 am – 9:45 am

Dr KP Krishnan, Secretary, Ministry of Skills and Entrepreneurship, Government of India

India’s greatest opportunity, and its biggest potential bête noire, is its population. With average job creation hovering at 3-4 million for the last few years against a needed pace of 12 million, jobless growth is
a reality. Millions come into our workforces each year; too few find work and even those that do in whitecollar sectors like IT, now face change as technology acceleration changes the rules of the game. This is not just conference talk. If India does not create the jobs, or even more, does not right fit available talent to needed skills, the social challenges facing our country, and the individual reality of too little opportunity, can be crippling.

KP Krishnan is one of the Indian government’s most thinking minds in finance and economics. Today, he is fittingly leading the charge on the creation of skills at one level, and that magical eco-system called entrepreneurship at the other. The ask is complex – it involves training and skilling hundreds of millionsof young Indians at one level almost in a race against time – but it also demands a longer term vision that encompasses all stakeholders – governments, industry, education, regulators, politicians – and people. Is skilling a vote bank issue? Can it be made one? Where is the money for this? How does industry createself-sustaining business models? How do you fit people to jobs? Or must jobs now be fitted to people? How will India respond to this unique two-sided coin? What are the risks of not doing so and where lie some solutions that will deliver change in the next few years? Engage with Dr Krishnan as he talks through a key government agenda, outlining both plans, and hopes.

Change of hats | 9:45 am – 10:00 am

GST | 10:00 am – 11:00 am

Harishanker Subramanian, National Tax Leader, EY

The most definitive reform of the current century in India is the introduction – finally – of the GST. The government is committed to its success, cognisant of the challenge this massive transformation is posing
to India’s vast small and medium enterprise eco-system, but clear about the long-term gains of one common, national market. GST has been a complex task wherever it has been introduced. In federal India,
that complexity is multiplied manifold, given the need to balance demands of state governments, the centre, and industry. The fact that almost all changes undertaken by the government in recent weeks to simplify and ease GST applicability to industry have been unanimously approved by the diversified GST Council reflects the seriousness of intent. For industry, the change to a new tax regime is not just an issue for Finance offices, but relates directly to strategy. At one end lie regulations such as anti-profiteering and at the other, the question of re-organising supply chains, warehousing and logistics, or indeed, reviewing the end of tax-based incentives including in SEZs etc. For services firms, the move will need a change as much in mindset as in actual operations. Harishanker Subramanian is amongst India’s most considered minds on GST. His engagement with government at one end, and with the country’s leading corporations at the other gives him a holisticity of perspective that is quite unique. Three years ago, Hari spoke to our CEO Roundtable. That conversation remains amongst the most lucid future view of the GST. Join Hari as he talks through prospective policy and resultant operating priorities and business models that Indian industry will work through in the next two years.

Coffee | 11:00 am – 11:20 am

Because Passion Defines Life | 11:20 am – 12:15 pm

Divyanshu Ganatra, Founder, Adventure Beyond Barriers

Clinical psychologist by profession, trekker by passion, advocate for disability rights, founder of Adventure Beyond Barriers, which promotes inclusive and outdoor sports for people with and without disability, Divyanshu Ganatra went blind with glaucoma when he was 18. To not be able to see a world you have known only by sight, to try to see it anew without sight, to fight for qualifications in psychology and then in IT when the world pushes menial work at you, to be able to think on behalf of millions of other disabled when you can justifiably wallow in the mammoth proportions of your own tragedy – all this takes a very special person. Divyanshu Ganatra is most special. Almost struck down by tuberculosis at 21, he is India’s first blind para glider. His life is defined by empathy for others, it is defined by a unique ability to dream, it is defined by finding the good in so much that is not, it is defined by the fact that only your own passion can define your limitations and boundaries. Join Divyanshu as he views his life, offers up his approach and in that process, gain insight perhaps, into yours.

Brunch | 12:15 pm – 1:00 pm

The Kingdom of the Thunder Dragon – a visit to Dochula | 1:00 pm – 4:45 pm

Bhutan, home to the world’s happiest people, is in equal part myth and reality, cloud and sunshine, lofty heights and intense spiritual depth. The Forum will go to Dochula – one of the world’s most striking
mountain passes built in the memory of Bhutanese soldiers who lost their lives in ‘Operation All Clear’ against Indian rebels in 2003. Quiet pristine, blessed, with a panoramic view. It is a beautiful country and although we have less than three days in hand, even these few hours should build lasting memories of time spent in a land with whom India has deep linkages and by whose side we have elected to stand. Return back home via Terma Linca for tea by the flowing Thimphuchu. Note: Coaches will depart from the porch of Taj Tashi at 1.00 pm – please be at the porch no later than 12.50 pm. Please wear comfortable, closed walking shoes and warm clothing including anoraks. 

Beyond Demonetisation and GST: India in the Medium Term | 5:15 pm – 6:30 pm 

Swaminathan Anklesaria Aiyar, Journalist, Columnist, Author 

The Indian economy’s growth paradigm in the here and now is in the 6.5% range. GST and demonetisation, for all the gains they bring in the medium term, will cause a drag on growth in the immediate fiscal. It is time, however, to look beyond this, to the opportunities and risks that will create the eventual level of India’s growth over the next five years. Some of these are structural others more topical, some domestic, yet others global. Swaminathan Aiyar’s perspective has informed our view on the Indian economy and its drivers for a number of decades. Swami’s ability to join the dots, to find the unseen in the most obvious of paradigms, to cut to the chase and identify the real drivers of economic growth, is unique, his perspective based on years of observation and engagement with India’s decision makers. Engage with Swami as he offers his opinion on the Indian economy’s potential – and its achievement. 

Change of Hats | 6:30 pm – 6:45 pm 

Being World’s Best | 6:45 pm – 8:00 pm

In conversation with Jonty Rhodes, Cricketer, Coach – at Terma Linca 

Jonty Rhodes is arguably one of the greatest cricketers of our time. A true sportsman, Jonty has represented his country, South Africa, in hockey, but is best known as the live wire of South Africa’s amazing national cricket team for over a decade. Jonty’s fielding ability has defied most critics, and gravity. His prowess as a batter is also formidable but it is the fielding that reflects some of the finest attributes achievers can hope for – the abilty to never say die, to aim to achieve the impossible, to sustain an energy level that will carry teams and matches to victory. Today, Jonty coaches the Mumbai Indians; a continuation in many ways, of his love for India against whom he played his first ever international match. What makes a cricketer great? What has driven someone like Jonty to levels of  achievement that a decade after his retirement, continues to inspire legions of young sportsmen? Join Jonty on a wonderful journey as he talks through what it has meant to be among cricket’s golden boys, what it takes to be part of a team with the ambition for collective wins and never individual glory, and what it to be, quite simply, world’s best.

Cocktails and Dinner | 8:00 pm

At Taj Tashi

Saturday, December 9, 2017

The Dechen Phodrang Monastery: Wrapped in Timelessness | 6:20 am – 7:45 am

Note: Coaches will depart from the porch of all hotels at 6.20 am. Please wear comfortable walking shoes and warm clothing including a head cover if you feel cold. Interested delegates must register beforehand. Please ensure timely return for breakfast and sessions – you should be in coaches at 7.45 am. Coaches will take residents back to their hotels to freshen up and for breakfast. Coaches will leave Terma Linca and Druk at 9.10 am

The Dechen Phodrang monastery sits high above Thimphu and is home to a generaton of monks, who are being guided into the Buddhist way of life at this ‘gurukul’. They recite their prayers as energetically a they play football. Visit the monastery has value on a number of counts – the first to see how simple and focused lives in prayer are, and how this monastery, simple and ancient, is thriving. It is not about being away from the world. It is about being true to your soul and to the universe while remaining a part of this world. The second is to get a view of Thimphu valley and the third, is to be blessed. Join the monks in prayer as the head lama guides our group to light a thousand lamps. The number 108 is auspicious in Buddhism, as in many other religions. After that, the number jumps to a 1000. And so it was only fitting that our CFO group lights a 1000 lamps together, literally, and metaphorically.

India’s Place in the League of Nations: Transforming Paradigms | 9:30 am – 10:30 am

Kanwal Sibal, Former Foreign Secretary, Government of India

India’s place in the International League of Nations has evolved far more categorically under the NDA government. The recent standoff against China in Doklam reflected two things in the very least – the first
is a far more assertive India with ramifications for its neighbours including Bhutan, to whose aid India chose to come, though also on account of how strategic the Doklam valley is to India and access to it from the East. The second is the reality of a bristling China and the challenges posed to the region as both nations rise to their aspirations in the next ten years. Additionally, a China: Pakistan alliance is categorical
and again, that has severe implications for India, as does China’s wider spread across the region through infrastructure projects such as OBOR. In the West, an America under President Donald Trump signals change in many ways. Whilst the overall administration is likely to be favourably disposed to India, a US in stages of convulsion as it is must be understood afresh for the change it might bode in the years ahead. Indian businesses are re-assessing the US as an investment destination; sectors like IT and pharma most of all. Equally, there are enough grounds for disagreement – climate change and international trade rules are two as are the US’ unilateral decisions on countries such as Iran with whom India has had ties for centuries Kanwal Sibal has been India’s envoy to Russia, Egypt and France and Deputy Chief of Mission, Embassy of India in Washington. Former Member of the National Security Advisory Board and Foreign Secretary, Gain the insight of one of India’s most distinguished career diplomats who has represented India in many countries that are important players in India’s geo-political and economic future.

Change of Hats | 10:30 am – 10:45 am

Leadership: Perennial Realities, Newer Truths | 10:45 am – 12:00 noon

Hema Ravichandar, Strategic HR Advisor

Leadership. We discuss it all the time; we introspect on it even more often, on our own approach as we lead teams and organisations, and hope to do so in ways that inspire, in ways that create new growth paradigms, in ways that build other leaders after us. That will never change. But today, as talent paradigms and expectations transform, as new generations of workforces come into our fold, as volatility continues to hallmark the external environment, how we will lead must also change. The challenges will differ, and our approaches to the same must also be more nuanced. The stakeholder ambit is wider than ever before, inspirational – and effective – leadership the need of the hour. Hema Ravichandar is among India’s most considered proponents of talent stewardship. Responsible for building the iconic talent paradigm of Infosys two decades ago, key to the talent agenda today of some of India’s leading firms, and guide to Chief Executives as Member of some of the most forward-thinking Boards, Hema’s perspective on effective leadership is amongst the most thought provoking. Not because of her knowledge and ability to gauge trends, but equally so, because of her empathy, and her care. Hema thinks of talent as a strategic agenda as few others can. Engage with her as she offers you a mirror of the ideal versus the real, of the inspirational and the effective.

Coffee | 12:00 noon – 12:30 pm

A Conflicted World: Recasting the Future | 12:30 pm – 1:45 pm

Dexter Filkins, Pulitzer Prize winner, Author, The Forever War, War Correspondent Time, Columnist, The New Yorker

To understand the world in the 21st century, one must understand the thirty years that have preceded it. And those thirty years have been those of tremendous opportunity as technology in sectors as diverse as energy on one hand and artificial intelligence at the other has started to transform our way of being. But these thirty years have also been intensely fractious, fraught with war and a world turning upon itself. Little typifies this today more than the Middle East and Central Asia, but it is also typified by every country becoming more insular, and every country arming itself further. For most of us, war is still an academic
possibility; the world has more deterrents, we feel, to ever allow anything to get out of hand. Dexter Filkins is among those rare individuals, who has lived another reality – who has gone in to report to the
world – on developments in countries that are being torn apart by war. His perspective on the global security challenge of the world is based on years of reporting in Afghanistan, a most special country doomed with ill luck, and other parts of the world where victory and annihilation, courage and cowardice, huge military fire power and individual nationalism all face off against each other. Pulitzer Prize winner for his book The Forever War, Dexter has been fearless in his reporting and categorical in his opinions on what nations, armies and people should have done, could have done and now, must do. Join him in a striking conversation that presents you a new lens of looking at the world we live in, in order to imagine the world we are going in to.

Luncheon – in the lawns | 1:45 pm – 2:30 pm

Thimphu: Tradition and Modernity in Harmony | 2:30 pm – 4:30 pm

Note: Coaches will depart from the porch of the Taj Tashi sharp at 2.30 pm - please assemble on the porch no later than 2:25 pm. Please wear comfortable, closed walking shoes and ensure layered and warm clothing if you feel too chilly.

Enjoy an afternoon in the wonderful town of Thimphu, visiting the unique Tashichho Dzong, the home of Thimphu’s administration, where both government offices and temples sit together in harmony. Thimphu
is a bustling little town and if you wish, you could also take a stroll down its lanes, to arrive back at the Dzong’s parking no later than 4:15 pm 

Note: Coaches will take delegates back to their respective hotels at 4:30 pm. They will depart from the porches of Terma Linca and Hotel Druk at 6:15 pm.

Love Letters: A Rage Productions Performance Presented by IMA | 6:30 pm

Supper Theatre, followed by dinner, please be seated by 6:30 pm

AR Gurney’s play Love Letters is amongst the most enduring theatrical performances. In India it has seen translation into Hindi in the play Tumhari Amrita as also in Kannada. It is the story of two people, who
love each other intensely, cannot be together but remain bound in heart and spirit through an exchange of letters spanning four decades. Spend a wonderful evening of theatre in an especially curated reading of Love Letters enacted by the inimitable Shernaz Patel and Rajit Kapoor, as they take you through a gamut of emotions their characters have felt, so many of which will resonate with us as we look back on lives well lived, and on people well loved.

Cocktails and dinner, hosted by Adobe | 8:00 pm

Sunday, December 10, 2017

Breakfast and departure |  7:45 am to Delhi - 10:00 am to Cal

Come together for a warm breakfast before departing for home after three days of learning, bonhomie and togetherness
Notes: Delegates are requested to clear any hotel dues the evening prior.


As you are aware, IMA adheres strictly to session timings as a mark of courtesy to both speakers and delegates. We would request your attention to this! All evenings are ‘adults only’. Delegates travelling with children are requested to plan needed arrangements. Delegates are requested to clear check out formalities on Saturday, the 9th. We would request clearance in order to avoid any last minute rush – the credit card clearing system in Bhutan isvery nascent and it is hard to get a 100 check-outs managed in one morning. The hotel staff in any hotel can work with a limited number of checkouts at a given time. Coaches must depart for the international flight by 8.30 am; luggage should be brought down to the lobby in the morning before breakfast.


Smart casual, also for the evenings. The Bhutanese winter is beautiful and crisp, but temperatures will drop sharply in the evenings and early mornings to 0 degrees. Warm innerwear is strongly recommended. Wind cheaters and warm, closed shoes are mandatory.



Click here to view the Conclusions Papers - The 21st Annual CEO Roundtable


2017-12-07 08:00:00
2017-12-10 17:00:00