Telangana emerged as role model state for the entire country says Mr T Harish Rao at CII’s CFO Conclave

Hyderabad 17, June 2023: Confederation of Indian Industry, Telangana, organized the 4^thversion of CFO Conclave with the theme ‘Transcending New Frontiers: Technology, Sustainability, and Governance for the CFOs and company professionals in Hyderabad at present.

While delivering his Inaugural Address,Mr Harish Rao,Hon’ble Minister for Finance, Health, Medical & Family Welfare, Government of Telangana stated that CFOs are spine of any group and are anticipated to be well-versed with Technology. CFOs must undertake nationwide and worldwide finest practices that can strengthen the organizations and also will strengthen the Indian economic system. He additionally talked about about the development story of Telangana in final 9 years and talked about that the State Government has spent greater thanRs. 40,000 Croreto construct a sturdy energy distribution system so we’re in a positionto supply 24/7 continued good energy provide to all households and to the trade. We are presently in an influence surplus and the state is anticipated to supply 25,000 megawatt energy by finish of this yr.He additionally talked about that Government of Telangana has adopted digital applied sciences in a proactive manner andRythu Bandhuadvantages aretransferred to 65 Lakh farmers,Aasara pensions are transferred to 44 lakh folks on a single day. Dharani portal has introduced a giant constructive change in land registrations and Good Governance is for folks.

Today Telangana is thelargest producer of paddy and produces about 3 lakh m.t. every year. He additionally talked about that Water is life and World’s largest elevate irrigation mission was inbuilt Kaleswaram inside 3 ½ years in Telangana and handled consuming water is equipped to all households in the State. He additionally talked about about the transition of Telangana from energy and water deficit state to surplus state. The state has targeted on holistic growth in all sectors such as agriculture, trade, welfare, and many others.

Mr. C Shekar Reddy,Chairman, CII Telangana & CMD, CSR Estates Pvt Ltdstated “The finance leaders must embrace applied sciences and in addition should spend money on cyber safety measures and guarantee inclusivity to bridge the digital divide.” He appreciated Govt of Telangana for taking over a number of measures to develop tier-II cities and in addition briefly talked about about IT Towers in Siddipet getting IGBC Gold score and the way the city is creating quick as a role model.

Mr. V. Laxmikanth,Managing Partner, Pavestone Capital & Former Chairman, Broadridge Financial Solutions stated “The future by no means occurs, it’s created. CFOs must take choices whereas protecting course of, folks, and scale into consideration. Today organizations function 24/7, twelve months and digital potential will assist in constructing such organizations, and hyper-personalization / customizing particular person expertise could drive the success of the future companies.”

Mr. MV Narasimham,Convenor, CII Telangana Ease of Doing Business Panel & Dty CFO, Dr. Reddy’s Laboratories Ltd. stated “CFOs are anticipated to steer the digital transformation and help sustainability targets. Customers are additionally insisting for a sturdy ESG framework and asking for long-term worth and efficiency. As accountable CFOs, all our choices must focus round People, Plant, and Profits and construct robust governance system that can assist us in taking higher choices. In the present digital age, technological developments present us new alternatives to enhance transparency, effectivity, and accountability in governance processes.”

Mr. Anand Daga,Co-Convenor, CII Telangana Ease of Doing Business & Co Founder, Consarkstated “Autonomous Finance is rising development now and CFOs want to make sure organizations aren’t solely financially profitable but in addition environmentally aware and socially accountable. Finance groups and companies ought to look to SaaS Solutions and different revolutionary know-how to help of their digital transformation and unlock the development potential in the organizations.”

Ms. Praveena Bhimavarapu,Managing Director- Global Technology Services, State Streetstated “CFOs are anticipated to align the tech technique with finance perform. The want drives the change and the CFOs play a crucial role in driving the technique throughout the group. In an period, the place the information drives the choices, digital transformation has modified the tasks of the CFOs on common foundation.”

The convention was additionally addressed byMr. Rajesh Dhuddu,SVP & Global Business Head- Emerging Technologies, Tech Mahindra,Mr. Anirban Ghosh, Head- Centre for Sustainability, Mahindra Group,Mr. Santanu Mukherjee,Board Member, Bandhan Bank,Mr. Sanjay Jesrani,Founder & CEO, Go North Ventures,Dr. Okay Sriharsha Reddy, Director-IMT Hyderabad, and lots of others.