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3rd Pan IIM Alumni Gulf Summit highlights opportunities in emerging markets

United Arab Emirates: Sunday, March 18 - 2012 @ 14:25

This year’s high-profile speakers consisted of K.V. Kamath, Chairman of ICICI Bank, India’s largest private bank; Arif Naqvi, Group CEO of the leading private equity manager, Abraaj Capital; Boutros M. Boutros, Head of Emirates Group’s Corporate Communications; and Anjali Raina, Executive Director of the India Research Centre, Harvard Business School; who discussed and debated the trends and issues that are currently shaping organisations in emerging markets.

“Emerging markets are expected to generate close to two-thirds of global economic growth in the next five years on the back of favourable demographics.” said Naqvi, speaking on Identifying and creating value in emerging market organisations. “The resurgence of these economies will be defined by two themes that are increasingly relevant to the success of emerging market businesses. The first of these is the growing interconnectedness amongst emerging market economies. The second is the recognition that we are in the throes of an entrepreneurial revolution and entering a period in our history where human capital and innovation will be key drivers of success. The future belongs to those who fully embrace these themes.”

Building a successful global brand and organisation requires strong leadership, entrepreneurial managers, consistent strategy, ability to trust and to manage multi-cultural environments according to Kamath, who spoke on India coming of age – globally. He added, “The past decade has brought change to India at an unprecedented pace. The benefits of this transition, global competitiveness achieved by Indian industry and the power of India’s demographic dividend will continue to drive growth in the decade ahead.”

From a local perspective and coming from one of the world’s leading corporations – Emirates Group, Boutros discussed the success story of Emirates and its role in the growth of Dubai as a global centre of trade and tourism, whilst from a researching background Raina raised questions around the shape of tomorrow’s global work place and the challenges faced in creating leaders who are future ready.

These were just a few of the highlights from the summit, organised by the UAE-based Alumni of the Indian Institutes of Management (IIM). The high-profile event was supported for the third time running by title sponsors, ADCB, and attracted executives and business leaders from a range of sectors across the region as well as top government officials.

H.H. Sheikh Nahayan Mabarak Al Nahayan, who patronised the Pan IIM summit for its commitment to promoting contemporary management thinking and practice in the UAE, said: “We in the UAE have worked with the Pan IIM Alumni Network in Dubai and have admired the creativity and innovation, entrepreneurial spirit, and dedication to ethical, dependable, socially sensitive hard work.”

Speaking on the theme of the summit, H.H. added, “Students need to be educated to work in a global environment where competence requires a broad and informed world view and the skills of global leadership… Education is crucial in our attempt to develop global understanding, build positive relationships, dispel stereotypical attitudes, nurture new ways of thinking, and yes, help build successful global organisations.”

In addition to the keynote programme, the conference also featured closing remarks by H.E. Sanjay Verma, Consul General of India, and an interesting dinner speak by Dr. Pawan Girdharilal Agrawal, whose Doctorial thesis ‘A Study of Logistics and Supply Chain Management of Dabbawalas in Mumbai’ has crossed borders, reaching various countries in Asia, Africa, America and the United Kingdom.

Rashmi Malik, President of the Pan IIM Alumni network said, “The 3rd Pan IIM Gulf Summit was a phenomenal success. The numbers that attended this year’s summit, the support of our sponsors and the caliber of speakers shows the appreciation and value of such events. When you pool talent, ideas and experiences, as we did here, you can see the huge potential that exists in emerging nations like the UAE and India.”

Besides being a forum for social and professional interaction among the IIM alumni, the Pan-IIM Alumni summits, organised on a yearly basis, bring to the fore the challenges and opportunities in today’s business environment at both the local and global stage. Previous events have seen the likes of V. Shankar, CEO for Europe, Middle East, Africa and Americas at Standard Chartered Bank; Rajeev Kakar, Executive Vice President & Regional CEO – Central Europe, Middle East & Africa, Fullerton Financial Holdings and Executive Director & CEO, Dunia Finance; Avi Bhojani, Group CEO, BPG , and Suvo Sarkar, Head of Retail Banking at Emirates NBD – who are themselves Alumni of the IIMs -on the speaker panel.

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Sunday, March 18- 2012 @ 14:25 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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