A pioneer in the field of infrastructure, Hemant Kanoria has reshaped India's infrastructure landscape with innovative ideas and a strong passion for excellence.
Hemant conceptualised 'Srei' in 1989. The initiative marked the entry of private sector in the field of infrastructure, a domain hitherto restricted to public sector. Over the last two-and-a-half decades, Srei has developed into one of India's largest holistic infrastructure institutions with USD 5.5 billion of consolidated assets under management.
He is also a Trustee of Kanoria Foundation which under its umbrella has entities with a total asset base of USD 10 billion. The group is at the vanguard of thought leadership in the country, especially in the area of infrastructure development and financing.
The world is witnessing the unfolding of the Fourth Industrial Revolution or Industry 4.0. Globally, business models are getting challenged and redefined through digitization. The consequences of these technologies are yet to pan out fully, but as per early indications these will make some of the present skills and jobs redundant. History of technological evolution shows that over the ages every new technology has threatened certain jobs, but its application has also created new job opportunities.
However, I feel the situation can be converted into an opportunity with some focused efforts. Leveraging our IT prowess, let India take the lead in expeditiously putting together a global online network of knowledge institutions and corporate houses. The responsibility of this network would be to pro-actively identify the new job opportunities opening up in the wake of the new technologies. Active involvement of both industry and Government can result in unleashing this opportunity.
When we celebrate our 100th year of independence, we should be the most respected democracy in the world. A nation where every life, co-exists in harmony and with respect. A country where no one sleeps hungry or without shelter. A country where people of all caste, creed, religion, gender, rich and poor are treated with dignity and equality.
A country which will provide direction and leadership to the world through its spirituality and peace. India would be self-sufficient economically with robust contemporary infrastructure by 2047.
Without any debate everyone would agree that the farmers’ income need to be increased. They have been toiling hard since decades, but most lively poorly. It is imperative for the Government and conscientious citizens of our country to think and implement steps towards augmentation of farmer’s income.
Some simple steps would be introduced:
a) Mechanisation in farming and provide requisite inputs at affordable prices to improve their production and productivity
b) Provide them access to storage of their produce, practically closest to their farms
c) Provide them electricity 24x7 at affordable prices, so that they do not have to use gen-sets
d) Access to wholesale and retail markets so that they can get better realisation of their produce
Encourage agro-entrepreneurship, so that more people could move towards agriculture, as it would be worth their while and provide them and their families a decent living.
Fortunately, power prices in our country for last one year are less than Rs 2.50 per unit on the exchange and finally we are abundantly power surplus.
This is probably the best news of the decade for agriculture, services, manufacturing, residential, commercial and all consumers. Now, discoms must bring down tariff for all classes of consumers to around Rs 4.50 per unit. It will then provide a big boost to the entire economy and benefit consumers across India.
Lower power tariff with continuous power supply will light up India. The dark days for our country will truly be over.
The youth in India need to gravitate towards entrepreneurship and not seek employment. If they become entrepreneurs, they become job creators and not job seekers.
As job creators, they can contribute to the country's economic growth and development, and create gainful employment opportunities for youth.
As it is not practically possible for the government to create jobs for almost one million youth every month, it should work towards creating an enabling environment that will allow entrepreneurs to start, build and grow their enterprises - tiny, small, medium or large - without harassment, hassles and myriad of regulatory and policy webs.
India is a country brimming with entrepreneurs. Harnessing, encouraging and promoting them will result in astounding all-round development of the nation.