22 Dec 2021-23 Dec 2021|Mumbai | Amity University Mumbai, Campus

Amity University Mumbai Conducted International Hybrid Conference Building A Self-Reliant India – Convergence Of Innovative Practices

Address by Hon’ble Vice Chancellor AUM Lt Gen VK Sharma; AVSM

Hon’ble Vice Chancellor Sir, AUM shared his thoughts on the role of Entrepreneurship on building a self-reliant India and the significance of Innovative Practices in achieving the same. The major thrust areas that need to be nurtured are self- awareness, initiator and planner. The most striking aspect 

of entrepreneurship is the insistence upon creation leading to self-reliance.

Address by Hon’ble Pro-Vice Chancellor AUM Dr. A.W. Santhosh Kumar

Hon’ble Pro-Vice Chancellor Sir, AUM Dr. A.W. Santhosh Kumar, Broadened the Concept of the Conference Theme, and brought out the significance of        3 A’s and the 3 B’s namely Amity University, Amity Business School and Hon’ble Founder President, Dr Ashok Chauhan and Hon’ble Chancellor, Dr Aseem Chauhan; Business Management Degree, Business Strategies to discuss and Business School reflecting teams.

Conference Theme Introduction by Off. HOI / Director, Dr Bhawna Sharma

Dr Bhawna Sharma, presented the conference theme and highlighted the role and opportunity available with the Entrepreneurs in making our nation self- reliant.

The Conference Organizing Team Launched the ABS Book Business Dynamics amid Pandemic which had contribution from 58 Authors with 40 chapters, followed by the release of ABS, E- Newsletter which had contribution from 50 authors for 50 articles and the ABS Conference proceedings consisting of 60 Research papers authored by 110.


Topic: “Survival of the industries in Malaysia during the Covid-19.”

Keynote Speaker: Mr.Song Kouk Thong Deputy Director; Centre of Institutional Analysis and Development, INTI International University, INTI College Nilai, Malaysia.

Date :22/12/2021

Mode: Hybrid                                                                                  

The Keynote Speaker for the forenoon session of the International Hybrid Conference themed ‘Building a Self-Reliant India-Convergence of Innovation Practices held on 22nd December was Mr.Song Kouk Thong.The topic on which he shared his thoughts was “Survival of the industries in Malaysia during the Covid-19.”

He discussed in his talk that the impact of Covid-19 is not limited to one or two countries, but it had a global attack. He also emphasized that Covid 19 is not an economic crisis, but it is social crisis. He threw light on how Malaysia dealt with this crisis and what were the major challenges on its way. According to him, one of the biggest changes that happened due to the pandemic was in education sector. The entire education system went online. But it was not as easy as it looks as there were many bottlenecks there. Limited access to internet, infrastructure constraint, student facing difficulties in communicating and gaining access to practical labs are some to name a few.

Mr. Shong highlighted that many organizations had to change their existing strategies as well diversify their businesses to sustain themselves during this crisis. He explained with the help of an example of organization named “AirAsia”. Since travel and tourism industry as well as airline industry was badly impacted due to closure of borders, AirAsia, primarily an airline organization diversified and entered into food delivery app business. Many travel agencies which had to close entered newer business segments, adapted to it and are now doing pretty well.

He concluded his talk by saying that this pandemic not a pandemic anymore. It has now taken the shape of endemic. It is going to stay with us now. So, industrialists, businesses and even individuals need to learn to adapt to this new normal. In his concluding remark, he also left few questions for academicians to ponder upon such as how can academicians use their expertise to help mitigate this burden in a suitable and a practical way.



Panel Discussion Report

Theme: Building a Self -Reliant India-Convergence of Innovative Practices
Guest Speakers 
1. Prof Jagdish Khatri (Ex-Professor & Director UNESCO Network Chair Global Goodwill Ambassador)
2. Dr. Shubhabrata Basu (Professor in Strategic Management, IIM Indore)
3. Dr. Hanna Yakavenka (Associate Dean of Internationalization and Business Development Coventry University, London
4. Prof.Sayasiba Das (Associate Professor in Strategic Management, IIM Raipur
Moderator of the Panel Discussion
Dr. Bhawna Sharma (Off. Director & HOI, Amity Business School, Amity University-Maharashtra
Date  :22/12/2021
Mode: Hybrid
As part of the International Hybrid Conference themed “Building a Self -Reliant India-Convergence of Innovative Practices” a panel discussion was conducted on 22nd December 2021 in the forenoon session. The discussion started with opening remark by Dr. Bhawna Sharma where she highlighted the theme of the Conference i.e., building self-reliant nation focusing on social, structural, and economic factors that help in building nation’s growth. She also emphasized on the 5 I’s for building Aatm Nirbhar Bharat which are Intent, Inclusion, Investment, Infrastructure, and Innovation. The discussion was joined by other four eminent speakers who presented their views on the theme of the discussion.
Prof Jagdish Khatri was of the view that we need to encourage students to dream and think big. Their energies should be directed towards building enterprises-being job creator than job seeker. Education sector can play a huge role in molding the thought process of the students from school levels.
Dr. Hanna Yakavenka shared that she strongly believes in collaboration. She said that building self-reliance of a nation should not be solely left to the government. All individuals need to contribute towards this broad vision in their own small way.
Dr. Shubhabrata Basu shared that to boost self -reliance entrepreneurship and startups needs to be encouraged in country not only by motivating them but also providing financial funding to them. Efforts should be made to synergise the premier technical institutes such as IIT’s and management institutes such as IIMs bring about something innovative in businesses.
Prof. Sayasiba Das highlighted that even though self-reliance is contradictory term, every nation must try to build its competitive advantage in some specific areas. He also emphasized that building quality educational institutions is a key to building self-reliant nations.
Assimilating the views and opinions of all the speakers, Dr. Bhawana Sharma presented the concluding remark and ended the session.
Sub Theme: Banking
External Panellists 
Corporate Expert – Dr. Rajesh Gupta, Deputy Director, Banking & Finance Sector
External Expert – Dr. Pramod Srivastava, Professor, Galgotias University
and Dr. Mujib-ur Rahman Associate Professor, Galgotias University
Mode: Hybrid
Research paper presenter:
1.Dr. Bhawna Sharma & Pawan Kumar
2. Siddharth Selvam
3.Dr. Deepali Garg & Dr.Priya Vij
Faculty Expert – Dr. Latha Sreeram
DATE & TIME- Wednesday, 22nd December 2021 2.30pm
Topic Discussed
The session focused on bringing in how technology in banking sector can contribute to the development of the economy.
Highlights by paper presenters
1. Mr. Pawan Kumar discussed on the active payment banks, how digitalised platforms has been used for smoother and faster transactions. He spoke about the initiatives taken by RBI, to bring rural India in encouraging them to bring digital payment platform. He highlighted that UPI is the most preferred mode of payment than the other available forms.
2. Siddharth Selvam presented paper on Banking for Entrepreneurial development. He discussed on the issues faced by new entrepreneurs in securing fund for their enterprise especially from the rural segment. He spoke about the different government schemes extended for assisting the entrepreneurs in the country through loans, grants, microfinancing options, other lending institutions like IDBI, SIDBI. He also highlighted about the training support provided by the government in helping the entrepreneurs in setting up their new firm and helping with the compliance part.
3. Dr.Deepali and Dr.Priya presented paper on technological advancement in banking sector and its correlation with the customer satisfaction. She highlighted that more technological advancements are increasing the satisfaction among the customers, and globalization has led to further advancement of technology in the banking sector.
Key Takeaways
• Different forms of technology used in Banking sector
• Advancement in the area of Indian banking sector
• Government initiatives in helping budding entrepreneurs 
• Customer satisfaction with respect to various technological advancement in the banking sector.
The event concluded after all the presenters completed with their paper presentation, followed by question-and-answer session by the panellist. Distinctive technological solutions and an ability to rapidly adapt gives companies a competitive advantage. Embracing futuristic technologies has gained significant momentum across the banking and financial sector as well. Streamlining services for the customers along with system upgrades in terms of tech deployments are rapidly gaining acceptance. The banking industry in India is geared up for a transformational space with the implementation of advanced technologies such as applications of Artificial Intelligence (AI), Machine Learning (ML), BlockChain and Robotics.
Sub Theme: Financial Management 
External Panellists 
Corporate Expert – Dr. Suneet Kopra, Consultant 
External Expert – Kaustubh Sontakke  , Associate Professor, SIES College of Management Dr. Gajanan Wader,  Principal, Pillai’s College of Science & Commerce
Mode: Hybrid
Research paper presenter:
Mr. Prashant Chowgule
Prof. Hetal
Prof. Archana Patre
Faculty Expert – Dr. Siddharth Dhongre
DATE & TIME- Wednesday, 22nd December 2021 3.20pm
Mode: Hybrid
Paper Presenters
1. Prof Prashant Chowgule
2. Prof Hetal
3. Prof Archana Patre
Topic Discussed
Highlights by paper presenters
1. Mr. Prashant Chowgule discussed on Block chain. He discussed the importance and future of block chain. He also spoke about the future of block chain technology and digital currency. He also highlighted the properties of Distributed Ledger Technology (DLT). 
2. Prof. Hetal presented paper on A Review of literature to understand taxation challenges in Covid-19 in India. She has highlighted the decrease in the revenue collection of GST due to lockdowns. She also spoke the difficulties faced by tax consultants due to lack of data.
3. Prof. Archana Patre presented paper on a study initiative taken by various stakeholders to enrich the financial literacy in India. She has spoken about the need and various initiative taken by RBI to literate the people so that it will increase the direct participation of investors. 
Key Takeaways
• Different forms of technology used in block chain 
• Advancement in the area of Indian banking sector
• Government initiatives for financial literacy 
• COVID -19 challenges on various sectors
The event concluded after all the presenters completed with their paper presentation, followed by question-and-answer session by the panellist. The covid-19 had a major impact on all the sectors except few. The financial sectors of India are being witnessing the changing payment methods and shifting cash and NEFT to largely on UPI transactions as they simple and secured without attracting any charges. Further the traditional currency will be replaced by digital currency in future.
Sub Theme: Inclusivity in Management 
External Panellists 
Corporate Expert – Mr Sanjeev Arora, Alumni of JBIMS
External Expert – Dr Ravindra Sharma, Assistant Professor Himalayan University, Dehradun
DATE & TIME- Wednesday, 22nd December 2021 4.15 pm
Moderator- Dr Seema Unnikrishnan
Mode: Hybrid
Paper Presenters
1. Vinayak Sohani & Dr. Bhawna Sharma
2. Prof Kauser Ali Najmi
3. Ms Purva Zende
Highlight by the paper presenters
1. Vinayak Sohani & Dr. Bhawna Sharma paper discussed about the Smart Technology Enabled Self-service Check-in and service design at Airport and the significance of the Smart technology.
2. Kauser Ali Najmi paper analysed the importance of investing in people for an organization from the case of Shemaroo.
3. Purva Zende ‘s Empirical study examined the impact of Corporate Governance Practices on the firm cash holding in chemical sector in India.
Key Takeaways:
1. The Operational Efficiency at the Airport using smart technology enabled self- service was analysed in detail.
2. The data was and explored to check the Role of investment among the employees from a specific organization 
3. The impact of corporate governance practices on the firm’s cash holdings in chemical sector was examined using regression analysis.
The event concluded after all the presenters completed with their paper presentation, followed by question-and-answer session by the panellist. The future of operational efficiency depends upon the adoption of smart technology in the Airports. Further Covid-19 had a negative impact on the cash holdings of firms in chemical sector and the investment climate.