Chennai

“Business in India mustlook at long term good”

From leftt) C.K. Ranganathan, chairman, CII, Tamil Nadu State Council; S.Abhaya Kumar, vice- chairman, CII, Chennai Zone; R. Seshasayee, past president CII; T.K. Ramachandran, Managing Director, Tamil Nadu Slum Clearance Board and Gayathri Sriram, chairperson, CII Chennai Zone, at a panel discussion in Chennai on Wednesday. Photo:S.R. Raghunathan

From leftt) C.K. Ranganathan, chairman, CII, Tamil Nadu State Council; S.Abhaya Kumar, vice- chairman, CII, Chennai Zone; R. Seshasayee, past president CII; T.K. Ramachandran, Managing Director, Tamil Nadu Slum Clearance Board and Gayathri Sriram, chairperson, CII Chennai Zone, at a panel discussion in Chennai on Wednesday. Photo:S.R. Raghunathan  

In India's bullish race to supposed superpower status, are its industry, government and media framing values and sticking to them? This was the subject of a panel discussion by leaders in all three fields at the closing of the Confederation of Indian Industry Chennai Zone's annual day on Wednesday.

“Corporate governance frontiers have to be pushed by good corporate citizens …based on the concept of trusteeship,” R. Seshasayee, Past President, CII and Managing Director, Ashok Leyland Ltd, said. Business in India must look at the long term good and learn to weigh this with short term compromise for the good of the country, he said, adding that government should incentivise this.

New threats

The media had by and large been given the right freedoms within which to operate, but new threats to media values such as paid news, were significant, said N. Ravi, Editor, The Hindu. The law demanded a basic value system from the media, but self regulation based on sound values should be adhered to.

On sting operations he pointed out that these were only defensible as a method of last resort in the name of the public good.

The Right to Information Act was an essential tool to ensure that the values of governance were upheld and that work was carried out properly down the command chain, T.K. Ramachandran, Managing Director, Tamil Nadu Slum Clearance Board said.

“I am able to get work done through talking of RTIs… The moment you have RTI the values of transparency happen. The instruments for transparency [like the RTI] have to be created,” he said.

“I'm nervous about the growth environment and decisions we are going to have to make in the country,” said Gayatri Sriram, outgoing Chairman CII Chennai Zone, “It's important that we raise these issues.”

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Printable version | May 29, 2020 4:46:02 PM | https://www.thehindu.com/news/cities/chennai/ldquoBusiness-in-India-mustlook-at-long-term-goodrdquo/article16554689.ece

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